Short sea scrap offers have increased in Turkey, in line with the deep sea scrap uptrend. Some deals have already been sealed this week from Russia and more transactions are expected from Romania and Bulgaria in the coming days, again at higher price levels.
This week, around 6,000-7,000 mt of HMS I/II 90:10 scrap were sold from Rostov to Turkey’s northern region at $280/mt CFR, SteelOrbis has learned. According to some sources, scrap of the mentioned origin is normally preferred in the area, and so the price is a bit above the market expectation.
In the meantime, suppliers of HMS I/II 80:20 scrap from Romania and Bulgaria are targeting to sell at close to $275/mt CFR, while the previous deals were at $269/mt CFR, as SteelOrbis reported.
