Recent scrap offers to Turkey appear stable

Tuesday, 26 July 2005 12:17:00 (GMT+3)   |  
       

Recent scrap offers to Turkey appear stable

SteelOrbis has been informed that a Turkish mill has booked a HMS I/II (80:20) grade scrap cargo ex-US at $218/mt CFR. No price drop in the short term is expected in the market, as prices appear to be staying in the $215-220/mt CFR price range in the US, EU and Black Sea region. If Black Sea freights strengthen, the scrap price to Turkey on CFR basis may increase, which would result in buyers shifting their focus to the US and Europe for supply. In such a scenario, scrap prices from those origins may increase as well, possibly leading to an imbalance in raw material and product prices.

Similar articles

Mexican domestic scrap prices - week 17, 2024

26 Apr | Scrap & Raw Materials

Boston dock delivered P&S scrap prices

26 Apr | Steel News

Dock delivered prices for HMS I/II 80:20 scrap in Boston

26 Apr | Scrap & Raw Materials

Turkey’s domestic scrap prices remain stable

26 Apr | Scrap & Raw Materials

US scrap prices pointing to sideways to slight uptrend for May

26 Apr | Scrap & Raw Materials

Global View on Scrap: Turkish market rises slowly, Asian market relatively silent amid lack of demand

26 Apr | Scrap & Raw Materials

Vietnamese scrap market remains weak, S. Korean mills cut utilization rates

26 Apr | Scrap & Raw Materials

Import scrap offers to Taiwan move down, inventories at good levels

26 Apr | Scrap & Raw Materials

Local Italian scrap prices stable, sentiment positive

26 Apr | Scrap & Raw Materials

Houston dock delivered P&S scrap prices

25 Apr | Scrap & Raw Materials