A Turkish mill based in the Marmara region closed a scrap import deal ex-US at the end of last week. In the sale, HMS I/II 80:20 scrap was priced at $264/mt CFR, shredded at $269/mt CFR and bonus grade at $274/mt CFR, SteelOrbis has learned. The previous transactions for scrap from the US were closed in the range of $260-262/mt CFR for HMS I/II 80:20, as was reported earlier.
As a result, the benchmark scrap price has clearly inched up in Turkey: however, market players are not in a rush to define the market trend. Most sources agree that the situation remains uncertain for now and more deals need to be disclosed in order for it to gain clarity.
