With several deep sea bookings heard in the market today, December 22, Turkey’s deep sea scrap quotations have relatively remained stable.
SteelOrbis learned that an ex-Estonia deal was done by an Izmir-based producer for HMS I/II 80:20 scrap at $386.5/mt CFR, with bonus grade scrap at $406.5/mt CFR. Ex-Baltic scrap prices in Turkey were at $387-388/mt CFR before this latest deal.
The same Turkish mill has concluded an ex-Sweden booking for HMS I/II 80:20 scrap at $387/mt CFR, shredded scrap at $407/mt CFR and bonus grade scrap at $407/mt CFR. The third deal done by the same steelmaker is from Netherlands, with HMS I/II 80:20 scrap standing at $382/mt CFR.
Additionally, a Marmara-based producer has concluded an ex-EU transaction for HMS I/II 80:20 scrap at $381/mt CFR and bonus grade scrap at $401/mt CFR. Prior to the deals mentioned, the ex-EU scrap price was in the range of $379-380/mt CFR.
Despite the fluctuation by $1-2/mt, Turkey’s deep sea scrap prices can be considered to have remained stable. The issues on the supply side do not allow suppliers to lower their prices, while Turkish mills that need deep sea scrap cargoes are accepting the current price levels.
