On the other hand, Romanian A3 scrap offers to Turkey have risen to the range of $360-365/mt CFR, following the conclusion of transactions at $355/mt CFR. Meanwhile, market sources that scrap collection prices in Romania have been at the level of $330/mt this week and so offers for Turkey at $360-365/mt CFR are at the minimum levels needed to ensure a profit. The most recent Russian A3 scrap offers for Turkey were at $360-365/mt CFR and there are rumors in the market that some deals at these prices have been concluded for a mix of A3 and bonus grade scrap. If purchase activity increases in the local finished steel market after the Ramadan holiday, then import scrap prices will likely continue their gradual upward movement.
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