The benchmark price of HMS I/II 80:20 scrap of US origin has recorded a slight increase in a deal disclosed to the Turkish market today, June 17.
The booking in question was made by an Iskenderun-based mill on Monday, June 15, for 17,000 mt of HMS I/II 80:20 scrap at $267/mt CFR and 15,000 mt of shredded scrap at $272/mt CFR. The previous ex-US deal was disclosed at the end of last week, with HMS I/II 80:20 scrap standing at $266/mt CFR.
Market sources surveyed by SteelOrbis have stated that scrap flow in the US is still sluggish and that dock delivery prices have increased. It is also known that the spread of Covid-19 is still impacting industrial production rates in the US. Meanwhile, as Turkey has experienced a lively period in terms of scrap purchases in the first half of June, demand received from Turkey may start to slow down, some believe.
