How will deep sea scrap deal prices impact Lebanese scrap offers to Turkey?

Market sources indicate that ex-Lebanon HMS I/II 80:20 scrap offers to Turkey are still ranging at $345-355/mt CFR, indicating no changes since last week. The latest ex-Lebanon scrap deal for Turkey's Iskenderun region, where demand is decent, has been concluded at $343-345/mt CFR, while the upticks in the deep sea transaction levels in Turkey, which were observed yesterday, October 23, will likely drag Lebanese scrap offers upward.