Ex-St. Petersburg scrap transaction in Turkey

Market sources confirm that a Turkish steelmaker concluded an ex-St. Petersburg deal in the past week for a cargo consisting of 16,000 mt of HMS I/II 80:20 scrap at $371/mt CFR, 20,000 mt of HMS I/II 85:15 scrap at $374/mt CFR, 2,000 mt of bonus grade scrap at $381/mt CFR and 2,000 mt of shredded scrap at $376/mt CFR for shipment in July.