Having been on a downward trend since the beginning of January, import scrap prices in Turkey have started to improve following the deals concluded in the current week. As a result, it is observed that scrap suppliers have increased their offer prices to Turkey.
It is also observed that short sea scrap offers to Turkey, which were at $329-330/mt CFR at the beginning of the current week, have reached $335-338/mt CFR in the most recent deals. Meanwhile, suppliers in the Baltic region are currently offering HMS I/II 80:20 scrap to Turkey at $355-365/mt CFR.