UTC+8 ( BJT)

Turkey imported scrap price up to 3-m high in recent deal

ABSTRACT

Imported scrap prices in Turkey surged after a recent deal was concluded for ferrous scrap from the EU and USA. Considering the positive market sentiments in domestic and overseas markets, mills are ready to accept higher imported scrap offers as there are limited suppliers in the market.
  SteelMint's assessment of US-origin HMS 1 & 2 (80:20) prices are at $505/t CFR Turkey, up by around $15-20/t w-o-w. Notably, the prices have hit three-month highs after Nov'21.   Recent deals   In a recent deal reported, a US-origin cargo comprising HMS 1/2 (80:20) was booked at $507/t CFR Turkey and bonus material was

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