Market sources indicate that, after opening a scrap tender yesterday, June 27, a Turkish steelmaker has purchased 58,000 mt of scrap in total from different foreign sources.
Accordingly, the mill has concluded an ex-Baltic scrap deal at $370/mt CFR for 11,500 mt of bonus grade scrap and 1,500 mt of A3 scrap, while it has purchased scrap from continental Europe for 13,000 mt of HMS I/II 75:25 scrap at $345/mt CFR and 2,000 mt of bonus grade scrap at $370/mt CFR.
In addition, via the tender the mill has concluded an ex-UK scrap deal for 20,000 mt of HMS I/II 80:20 at $350/mt CFR and 10,000 mt of bonus grade scrap at $370/mt CFR.