Turkish scrap buyers are still interested in short sea scrap bookings, while deep sea scrap prices have moved up further and suppliers have been evaluating the market.
According to market sources, Romanian suppliers have sold cargoes of HMS I/II 80:20 scrap with a total tonnage of around 10,000 mt to Turkish mills based in the Marmara region at $260-262/mt CFR, which is $1-2/mt higher than the previous transaction level to this destination. Market sources say that Romanian scrap collection costs have increased again, by $5/mt this week due to the winter season.
In addition, a Libyan supplier has sold a scrap cargo to a Marmara region-based Turkish mill, totaling 18,000 mt and including HMS I/II 90:10 scrap. However, the price in the deal has not been disclosed yet. Another contract for about 2,500 mt of the same scrap grade originating from Libya has been done at $252-253/mt CFR, according to the information circulating in the market, but neither seller or buyer had confirmed the details to SteelOrbis by the time of publication.
Market sources believe that short sea scrap prices may rise again after the recent deep sea deal concluded at a higher price level. Overall, sentiments for next week are positive.