Turkish steel scrap importers continue to refrain from purchasing large-tonnage lots, while the acquisition of several small tonnage lots is reported.
The metallurgical plant from the Karadeniz region agreed on the supply of 2.5 thousand tons of material of grade 3A at $ 310 / t CFR from Russia (Rostov-on-Don). The price of the specified raw materials decreased by $ 5 / t. The demand for scrap, including low-volume batches, is extremely weak in Turkey, as most companies expect lower prices.
A company from the Marmara region agreed to pay $ 300 / ton CFR for HMS No 1 & 2 (80:20) material from Romania. As a result, indicatives of American raw materials HMS No 1 & 2 (80:20) fell into the range of $ 320-325 / t CFR Turkey against $ 325-329 / t CFR earlier.
Information about the signing of contracts with exporters of scrap from the United States, the countries of the Baltic region and Europe is not available today. Most likely, buyers will try to reduce the price of HMS No 1 & 2 (80:20) material from the USA or Baltic countries below $ 320 / ton CFR.
