In line with the uptrend of deep sea scrap prices in deals to Turkey disclosed to the market over the past two days, short sea scrap prices in new transactions in the Turkish market have followed suit and moved up.
SteelOrbis has learned that a supplier from Romania has concluded a deal to Turkey’s Marmara region for HMS I/II 80:20 scrap at $254/mt CFR. Last week, ex-Romania scrap transactions for this grade were closed at $247/mt CFR.
Meanwhile, Russian origin A3 grade scrap prices are in the range of $257-259/mt CFR Turkey, and a few deals have been closed at around these levels.
Some market sources state that the delivery terms are now longer for short sea scrap, while there are still some suppliers in the market with cargoes on hand but these are fewer in number. With many deep sea scrap bookings concluded in the current week, short sea scrap is in demand and new short sea deals are expected to be disclosed to the market before the week ends.
