Ex- Lebanon scrap offers to Turkey follow trend of deep sea scrap prices

Market sources indicate that ex-Lebanon HMS I/II 80:20 scrap offers to Turkey, where demand has started to pick up, are now ranging at $345-355/mt CFR, indicating an increase of $10-15/mt since last week. The latest ex-Lebanon scrap deal in the Iskenderun region was concluded at $350/mt CFR, while the upticks recorded this week in deep sea transaction levels for Turkey have been reflected in ex-Lebanon offers.