This week's HMS I/II 80:20
scrap offers from the
US to
Turkey can be found in the range of $375-380/mt CFR, while new transactions are expected in the short term at these levels. This is because the soft price trend in the local
US scrap market had given the advantage to Turkish mills, allowing them to postpone their purchases.
Some import
scrap deals have been concluded in
Turkey from the
US and
Canada in the past week and in these transactions prices for HMS I/II 80:20 were at $382/mt CFR. With the import
scrap deals concluded in the past week, it has been observed that transaction price levels have declined by $15/mt since early January. Meanwhile, the volume of import
scrap offers to
Turkey from several Baltic and
US scrap suppliers has increased this week, showing that supply is on the rise.
On the other hand, ex-Black Sea A3
scrap offers to
Turkey are standing at $370-375/mt CFR, though Turkish buyers' asking prices are at $360-365/mt CFR and so demand for Black Sea
scrap in
Turkey has remained low for the moment.