A Turkish buyer has concluded an ex-Canada scrap deal, with benchmark HMS I/II 80:20 scrap price moving up in line with expectations.
SteelOrbis has learned that a Black Sea-based Turkish steel producer concluded the deal today, March 13, from Canada for a cargo consisting entirely of HMS I/II 95:5 scrap, at $475/mt CFR. This price indicates that the ex-US scrap for Turkey has reached $465/mt CFR. Previously, SteelOrbis’ ex-US HMS I/II 80:20 scrap price was at $462/mt CFR, as fixed in a recent deal.
Another ex-Canada deal was done by an Iskenderun-based mill with the HMS I/II 95:5 scrap at $472/mt CFR. The content of this cargo was not shared at the time of publication.
Collection prices in Amsterdam are at €375/mt DAP, while collection prices at Belgian ports are still in the range of €370-380/mt delivered. Some market players state that demand for ex-US material is rising, while European suppliers are not receiving so much demand for now.
While no new ex-Black Sea HMS I/II 80:20 scrap deals have been confirmed, sellers of ex-Romania HMS I/II 80:20 scrap are aiming for $440s/mt CFR. As deep sea scrap quotations are rising, short sea suppliers do not wish to accept lower levels. The most recent ex-Romania deal was closed at $435/mt CFR for HMS I/II 80:20 scrap. The most recent ex-Israel HMS I/II 75:25 scrap deal was done at $425/mt CIF Iskenderun.
