Scrap deals from Baltic and the EU in Turkey

Monday, 01 June 2020 20:45:44 (GMT+3)   |   Istanbul
       

There are new deep sea deals disclosed to the market today, June 1, indicating an almost sideways movement regarding prices.

SteelOrbis has been informed that an ex-Baltic transaction was made by a Marmara-based mill at the end of last week for 19,000 mt of HMS I/II 80:20 scrap at $252.5/mt CFR and 4,000 mt of bonus grade scrap at $262.5/mt CFR, for late June shipment. The previous ex-Baltic deal was closed at $253/mt CFR for early July shipment.

Also SteelOrbis has heard that there is another ex-Belgium deal made by the same producer for 22,000 mt of HMS I/II 75:25 at $245/mt CFR, 8,000 mt of shredded scrap at $262/mt CFR and $10,000 mt of a mixture of P&S and HMS I scrap at $264/mt CFR. The total tonnage of the cargo is 40,000 mt, for June shipment, while the HMS I/II 80:20 quotation regarding this deal is estimated to be at $250/mt CFR. The previous European booking made in Turkey was closed at $252.5/mt for this grade from the UK.

Turkish mills, which already are facing an AD investigation by the EU and may face a countervailing duty (CVD) one shortly, are expected to be hit the hardest by the renewed quota system which is now country-specific based for hot rolled coil (HRC) imports. This was the main topic in the market today. While the new quota system will surely impact on Turkish producers’ capability to sell HRC to the European region, market sources do not expect a rapid blow in the short term.


Similar articles

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

US scrap market still expecting sideways pricing in April

27 Mar | Scrap & Raw Materials

Ex-US deep sea scrap prices to Turkey increase, ex-EU prices relatively stable

27 Mar | Scrap & Raw Materials

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Average local Chinese scrap prices rise amid tight supply after previous decreases

27 Mar | Scrap & Raw Materials

Import scrap prices in India move up, but low bids prevent deals

27 Mar | Scrap & Raw Materials

Baltic countries and Czech Republic seek EU ban on ex-Russia scrap imports

27 Mar | Steel News

US iron and steel scrap exports down 12.9 percent in January

26 Mar | Steel News

European scrap prices move up above $385/mt

26 Mar | Scrap & Raw Materials

Wholesale metal scrap sales in Mexico decrease 15.6 percent in January

25 Mar | Steel News