Following several transactions disclosed to the market in the last three days, another ex-US deal has been heard in the Turkish import scrap market.
SteelOrbis has learned that a new ex-US transaction has been concluded to a Black Sea-based mill for 20,000 mt of HMS I/II 90:10 scrap and 10,000 mt of bonus grade scrap at the average price level of $262/mt CFR. The cargo will be shipped from New Orleans at the beginning of June. According to this deal, the benchmark HMS I/II 80:20 scrap quotation equals to $257/mt CFR Turkey, which is in line with the prices recorded in the previous ex-US deal.
As mentioned in SteelOrbis’ previous reports, some market players expect more deals in the current week.
