Scrap prices in Black Sea region on downtrend despite harsh winter

Although winter conditions have been getting harsher in the Black Sea region, scrap prices have registered decreases. Scrap collection prices in the local Romanian market, which were at $360/mt last week, have started to stand in a wider but lower range of $340-355/mt. Meanwhile, ex-Romania A3 scrap offers to Turkey have softened from the level of $390-395/mt CFR to $385-390/mt CFR. However, Turkish buyers find these offers to be on the high side and are expecting offers at around $380-385/mt CFR Turkey. In the meantime, ex-Russia scrap offers to Turkey are standing at $390/mt CFR, though Turkish buyers are not interested in these offers either.