The import scrap market in Turkey has been quiet in the current week, with only few deals disclosed to the market on the short sea side.
SteelOrbis has learned that two cargoes have been sold from Romania to Turkey’s Marmara region for approximately 7,000-8,000 mt of HMS I/II 80:20 scrap at $245/mt CFR, indicating a $10/mt fall as compared to the previous bookings heard to have been concluded last week.
No ex-Russia deal has been heard in Turkey this week, while sources believe that the price levels for Russian A3 grade scrap should be close to the level of $255/mt CFR.
Meanwhile, Turkish buyers have asked for $240/mt CIF for HMS 75:25 scrap from Cyprus and Israel this week, but the suppliers have not accepted this level. However, due to the negative sentiment on the import scrap side, market players now consider the workable levels for this grade to be at $235/mt CIF Iskenderun.
The sluggishness of scrap import activity in Turkey is expected to continue in the coming days as Turkish mills currently have no appetite for more purchases and market sources agree that sellers are also in no rush.
