Finally, the offer has resulted in a transaction at the average price level of $393/mt CFR for shipments in February. After this deal, ex-US HMS I/II 80:20 scrap offers are expected to move down below the level of $390/mt CFR.
Negotiations end, ex-Canada scrap deal concluded in Turkey
As SteelOrbis reported earlier today in its scrap analyses, a Canada-based supplier had offered a scrap cargo to Turkey composed of 35,000 mt of shredded scrap, 10,000 mt of HMS I and 5,000 mt of P&S scrap at the price level of $400/mt CFR, but negotiations on the price were still continuing.
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