In the Turkish scrap market, the latest ex-US HMS I/II 80:20 scrap deal has been concluded at $380/mt CFR, with the transaction price indicating an increase of $10-15/mt as compared to the pre-Ramadan period. The latest ex-Europe scrap deal, meanwhile, has been concluded in Turkey at the level of $373/mt CFR for a mixed cargo of shredded scrap and HMS I/II 75:25, with the transaction price showing no change as compared to previous deals. In the meantime, it is heard that suppliers seem to be satisfied with current scrap price levels.
As regards the Black Sea region, where problems regarding scrap collection still continue, scrap collection prices are ranging at $340-343/mt, while the problems in question have been pushing ex-Black Sea scrap prices higher. Accordingly, current ex-CIS offers for Turkey from ports on the Black Sea are at $370-375/mt CFR. Markets sources state that Turkish mills are not showing great interest in ex-Black Sea scrap offers at the moment, instead meeting their needs from deep sea scrap. Meanwhile, current Romanian scrap offers for Turkey can be found at the level of $365-370/mt CFR, following the latest Romanian scrap deal in Turkey at $365-366/mt CFR.
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