Turkish mills are still interested in imported deep sea scrap for January shipment. SteelOrbis has been informed by market sources that a Turkish mill based in the Marmara region signed a deal with a US supplier on the evening of December 11, for a cargo consisting of 30,000 mt HMS I/II 80:20 at $297/mt CFR, 8,000 mt of shredded at $302/mt CFR and 2,000 mt of bonus grade at $307/mt CFR, for January shipment. With this deal, the ex-US HMS I/II 80:20 scrap price has increased by $2/mt compared to the previous contract.
In addition, there have been rumors in the market about another ex-US deal to Turkey at the same price level. However, this information has not been confirmed by SteelOrbis by the time of publication. Market sources believe that Turkish mills will remain eager to conclude scrap deals in the short term.