UK scrap booking in Turkey
Sources report to SteelOrbis that a Turkish mill concluded one cargo of mixed scrap booking ex-UK last week at $215/mt CFR. The cargo is composed of HMS I/II (80:20) scrap and shredded scrap. There are no offers given by Black Sea scrap suppliers due to heavy winter conditions, which encouraged US and the European suppliers to hike their offer levels. Since the offer levels are higher than the latest booking, the scrap market is calm currently.