Turkish scrap buyers have managed to insist on discounts in the short sea segment, closing a few deals at the level of their earlier disclosed bids. According to sources, around 6,000-7,000 mt of HMS I/II 80:20 scrap from Romania have been recently sold to Turkey at $260/mt CFR. The previous deals, reported last week, were agreed on at $268-270/mt CFR.
In the meantime, the market is still waiting for new scrap transactions in the deep sea import sector as the new level will largely determine developments in the related steel segments. Sentiments, however, are mostly negative. “Such a price decrease in short sea deals might mean they don’t expect anything good to come out on the deep sea side,” a trader told SteelOrbis.
