Turkish producers show no interest in Lebanese and Israeli scrap offers

According to market sources, Lebanese offers to Turkey for HMS I/II 80:20 scrap have softened by $10-20/mt over the past two weeks to $235-240/mt CFR.
 
On the other hand, HMS I/II 70:30 scrap prices in the local Israeli market are at ILS 800/mt ($211/mt), while HMS I grade scrap prices in the local market are at ILS 850/mt ($224/mt), both delivered to customer. Also, Israeli offers to the export markets for HMS I/II 75:25 grade scrap are at $235/mt CFR, while offers for HMS I/II 65:35 grade scrap are at $225/mt CFR.
 
Demand in Turkey's Iskenderun region, where most Turkish purchases of Lebanese and Israeli scrap are concluded, has been quite weak during the past week. Most Turkish producers have concluded deals for Chinese billet for use in their production and so are not interested in scrap offers. Market sources state that the scrap prices in question may soften in the coming week, while steel producers in the Iskenderun region may focus on Lebanese and Israeli scrap in order to meet their immediate scrap needs.
 
$1 = ILS 3.79