Fresh short sea scrap deals fixed in Turkey

Thursday, 17 October 2019 16:19:53 (GMT+3)   |   Istanbul

Turkey remains active in the short sea scrap purchases with some negotiations have resulted in the fresh deals. A scrap supplier from the Adriatic Sea agreed to sell an HMS I/II 80:20 scrap to a Marmara region-based steel producer at $235/mt CFR, by $3/mt up compared to the previous booking closed earlier this week. Today, on October 17, a Romanian HMS I/II 80:20 scrap cargo was sold again to Marmara also at $235/mt CFR, being in line with the latest transaction. Both lots will be shipped in November.

The majority of current offers from Romania and Adriatic region to Turkey are reportedly at $233-235/mt CFR for HMS I/II 80:20 scrap, more deals might be closed at $233-234/mt CFR, sources expect.

In addition, an Izmir-based mill in its turn has recently booked a 2,000 mt bonus scrap cargo from Kazakhstan at $240/mt CFR, SteelOrbis has learned.

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