Turkish steelmakers evaluate ex-Mediterranean scrap offers

Market sources indicate that ex-Lebanon HMS I/II 80:20 scrap offers to Turkey are now ranging at $370-380/mt CFR, indicating an increase of $5-10/mt since last week. Given the strong deep sea scrap offers, ex-Lebanon scrap prices for Turkey have moved up, while no ex-Mediterranean scrap transactions have been heard in this week in Turkey. However, it is stated that Turkish steelmakers have been evaluating ex-Mediterranean scrap offers and new bookings are expected to be concluded in the coming days.