New import scrap deals have been heard in Turkey after a long break. An ex-Poland deal concluded at the beginning of the current week has been heard in the market, though the details of the transaction have not been disclosed. However, some market sources report that the HMS I/II 80:20 scrap in the cargo was priced at $273.5/mt CFR. This price is considered to be in line with most market expectations, though some players were forecasting slightly higher deal levels.
In the short sea segment, Turkey has purchased an ex-Rostov HMS I/II 90:10 cargo at $270/mt CFR Marmara. Before the transaction in question, market sources reported ex-Rostov offers at $272/mt CFR. The most recent A3 grade scrap sale to Turkey was closed last week at $268/mt CFR. Meanwhile, SteelOrbis has learned that scrap offers from Bulgaria and Romania to Turkey are currently in the range of $265-270/mt CFR, while the previous deals were concluded at $262/mt CFR and $265/mt CFR.
The market is full of discussions regarding the prospects for the steel business globally and for the scrap trade in Turkey in particular. Some sources say that finding a vessel has become a bit more challenging: however, the situation is not foreseen to develop into a crisis one as long as trade continues and ports remain operational. For now, according to sellers, the situation remains relatively stable and no significant disruptions are foreseen. In the short run, Turkish buyers are expected to continue their scrap purchases both from deep sea and short sea sources.
