Turkish mills start ex-deep sea scrap bookings

After slowing down their scrap demand in the first days of this year in order to gain a clearer picture of the market situation, Turkish mills have now headed for ex-deep sea scrap bookings, after the clarification of new domestic scrap prices in the US for January.
 
In Turkish mills' ex-deep sea scrap transactions, prices have shown some increases as compared to price levels recorded before the New Year. Accordingly, in Turkish mills' latest scrap transactions, the price of ex-US HMS I/II 80:20 was at $468/mt CFR, while the price of ex-Europe HMS I/II 80:20 was standing at $454/mt CFR. In the meantime, SteelOrbis has learned from market sources that new ex-US HMS I/II 80:20 offers given to Turkish steel producers are at the price level of $475/mt CFR.
 
If the anticipated demand is seen for finished steel products, Turkish mills will then continue their scrap bookings.