SteelOrbis has been informed that a Turkish mill has concluded a scrap booking ex-Canada at the level of $700/mt CIF Iskenderun for June shipment. The cargo is composed of 8,000 mts of P&S scrap and 22,000 mts of HMS I.
In line with SteelOrbis' prediction in yesterday's scrap market analysis that the price of import scrap in Turkey would reach new higher levels, scrap prices have now already hit the level of $700/mt CIF Turkey.