Ex-EU scrap price for Turkey increases in fresh booking

Friday, 29 November 2019 16:30:59 (GMT+3)   |   Istanbul

A Turkish steel producer, based in the Marmara region, has recently booked a cargo from the EU to be shipped in December from Amsterdam. The lot includes HMS I/II 75:25 at $263/mt CFR and bonus grade at $278/mt CFR level. With this sale, the estimated HMS I/II 80:20 price is at $268/mt CFR, up $4/mt higher from the price in the deal previously reported from Belgium, SteelOrbis understands. Sources expect that in the coming days ex-US scrap may be booked at $270-272/mt CFR.

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