Turkish mills slow down their scrap bookings

After concluding many scrap bookings early last week, Turkish steel producers slowed down their import scrap purchases towards the end of last week, while they have also made a quiet start to the current week.
 
The latest ex-Black Sea A3 scrap offers to Turkey are standing at $453-455/mt CFR. In the meantime, in the latest transactions, A3 scrap prices for Turkey were at $446-448/mt CFR, while no bookings has been heard so far at the price level of $450/mt CFR. In Romania, scrap collection prices are hovering at around $415-420/mt.
 
Although Turkish mills have already supplied their urgent needs as well as their scrap needs for most of January with their recent purchases, it is thought that these producers may conclude some further scrap bookings for January.