An ex-St. Petersburg scrap booking in Turkey has been disclosed today, April 22, with a slightly lower price level as compared to the ex-Sweden deal shared yesterday.
SteelOrbis has learned that an Iskenderun-based mill concluded the booking in question yesterday, April 21, for 22,000 mt of HMS I/II 80:20 scrap at $426/mt CFR, 5,000 mt of shredded scrap at $436/mt CFR and 6,000 mt of bonus grade scrap at $436/mt CFR. The cargo will be shipped in the first half of June. Previous to this deal, SteelOrbis’ ex-Baltic HMS I/II 80:20 scrap price estimation was in the range of $427-430/mt CFR, while the lower end was represented by the ex-Sweden deal abovementioned.
SteelOrbis understands that there are still several offers for May shipment, though sellers are not that willing to conclude sales at lower levels, some even increasing their offers to Turkey gradually over the past days. Turkish mills are very close to complete their purchases for May shipments. A major European scrap supplier states that prices for benchmark grade are expected to remain firm in the coming period. Turkey will be on holiday for a long weekend, starting from tomorrow due to the April 23 National Sovereignty and Children's Day.
