Following the deals from Romania and the Adriatic region for HMS I/II 80:20 scrap concluded in the range of $435-439/mt CFR at the end of last week, activity in the short sea scrap market in Turkey has been relatively quiet as market players want to monitor the trend of the deep sea segment closely.
An ex-Romania transaction for HMS I/II 80:20 scrap to Turkey’s Bartin region has been heard in the market at $426/mt CFR, but this was not confirmed by the seller or the buyer by the time of publication. As deep sea scrap quotations have moved downwards during this week, short sea suppliers’ targeted price levels are in the range of $425-430/mt CFR, while buyers’ firm bids are in the range of $420-425/mt CFR, according to market sources. SteelOrbis observes that there are available cargoes from the regions in question, though buyers are showing little interest in offers.
Also, an ex-Israel deal has been disclosed to the market for HMS I/II 75:25 scrap at around $395-400/mt CIF Iskenderun. At the end of last week, an ex-Israel cargo for the same grade was sold at $410/mt CIF Iskenderun. However, market players state that Iskenderun-based mills’ firm bids are currently in the range of $380-385/mt CIF for Israeli origin HMS I/II 75:25 scrap.
