New ex-UK scrap sale reported in Turkey

Friday, 04 October 2019 14:28:58 (GMT+3)   |   Istanbul

The import scrap market in Turkey has witnessed a somewhat lower number of offers from deep sea suppliers along with a certain increase of activity on the demand side. As a result, scrap sellers have been showing resistance to low bids and are trying to pull up prices. A Marmara region-based steel producer has recently purchased 18,000 mt of HMS I/II 80:20 from the UK at $223.5/mt CFR, for shipment in November. In this deal, HMS I/II 80:20 scrap prices have added $3.5/mt compared to the price level in the transaction reported on September 25. Currently, offers for ex-UK HMS I/II 80:20 scrap are heard in the market at around $230/mt CFR, SteelOrbis has learned.

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