On the other hand, ex-Romania scrap offers have started to soften after scrap collection prices in the country moved down to $330/mt. Romanian A3 scrap offers to Turkey have declined by $5-10/mt in the past week to $360-365/mt CFR, though demand for these offers has remained on the weak side. Meanwhile, ex-Russia scrap deals have been heard at the level of $365/mt CFR in the Marmara region this week, while Russian offers to Turkey for A3 scrap are standing at $365-370/mt CFR.
Import scrap purchases slow down in Turkey
Steel producers in the Turkish domestic market have filled their scrap inventories for September and are now taking their time before concluding new deals for October. In the Turkish domestic market, in the latest deep sea scrap deal, a transaction for an ex-Europe mixed scrap cargo was concluded on August 23 at the average level of $381.5/mt CFR for 18,000 mt of shredded scrap, 6,000 mt of HMS I/II 90:10, 1,500 mt of HMS I/II 70:30, 1,500 mt of bonus grade scrap and 1,000 mt of busheling scrap. The transaction prices have indicated no changes as compared to three weeks ago, showing that import scrap prices have entered a stable trend.