A Turkish mill, based in Marmara region, has purchased a deep-sea scrap cargo from Belgium. The lot consisting of 15,000 mt of HMS I/II 75:25, 10,000 mt of shredded and 15,000 mt of HMS I and P&S was sold at the average price of $300/mt CFR. The cargo will be shipped in the first half of February.
Most of the market sources estimate the HMS I/II 80:20 level according to the mentioned sale at $297/mt CFR, which is relatively stable compared to previous sales ex-continental Europe. It is worth mentioning that some players estimate the level at $295/mt CFR, saying the market is weakening. However, more deals needed to be seen in order to define the solid market trend, SteelOrbis understands.