While deep sea scrap quotations in Turkey continue their upward trend, the short sea scrap segment is also experiencing lively activity, though prices today, February 11, have remained stable since yesterday.
SteelOrbis has learned that a total of 15,000 mt of HMS I/II 80:20 scrap has been sold to Turkey’s Marmara and Izmir regions in several deals in the range of $481-485/mt CFR. “Ready cargoes are quickly sold after they are available. It does not take time to find buyers, and so currently there are almost no offers from the region,” a source commented. Collection costs in Romania have increased over the past week, and may be reflected in future offers, SteelOrbis understands.
Workable levels for ex-Israel HMS I/II 75:25 scrap have been in the range of $465-475/mt CIF Iskenderun this week.
