Turkey: Imported Scrap Prices Inch Up, Trades Stay Slow
Nov 25, 2019 10:00
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After staying majorly unchanged for around 2 weeks, imported scrap prices to Turkey have marginally inched up, after a couple of deep-sea cargo bookings completed in the recent days, SteelMint learned from market participants On account of very active bookings earlier in Oct’19, the buying activity now has slowed down in the last few weeks, even as the prices have more-or-less remained flat after rebounding by USD 32-33/MT in the previous month.
In recent deal reported, a West Marmara-region based steel maker booked a bulk vessel of 30,000 MT cargo from a Baltic origin supplier, which comprised of 25,000 MT of HMS 1&2 (80:20) at USD 261/MT CFR Turkey and 5,000/MT of Bonus at USD 271/MT CFR.
Earlier this week, another recycler from