Scrap markets skip the holiday, prices see continual rise

Despite the Eid-Ul-Adha festivities in Turkey which continued after New Year's Day, scrap suppliers and producers were observed to have worked through the holiday period. Many bookings, most of which were for deep sea scrap, were concluded during the holiday. When we analyze the price levels in these bookings, we notice a continual rise in prices. The price levels of the bookings concluded after these increases, which were also influenced by the rise in freight rates, are as follows:

HMS I/II 80:20 ex-US                    : $294.50/mt CIF Nemrut

HMS I/II 80:20 ex-Europe                : $292.50/mt CIF Marmara

HMS I/II 60:40 ex-Belgium               : $279/mt CIF Marmara

Scrap composition, including 5,000 mts
of shredded scrap and 30,000 mts of 
HMS I/II 80:20, ex-Europe               : $294.50/mt CIF Marmara

Scrap composition, including 15,000 mts
of shredded scrap and 20,000 mts of 
HMS I/II 80:20, ex-UK                   : $294/mt CIF Iskenderun

Scrap composition, including 25,000 mts
of shredded scrap and 15,000 mts of 
HMS I/II 80:20, ex-US                   : $297/mt CIF Marmara

A3 scrap ex-Romania                     : $288/mt CIF Marmara