Learned from market players that Turkey scrap import price continued rising, since last week, only two batches of scrap was booked.

One batch of HMS 1&2 80:20 and P&S in Europe sold to a certain
steel mill with U.S.$347 per ton (CFR), another batch of HMS 1&2
70:30 was bought by a Turkey steel mill with U.S.$332 per ton (CFR).

Since last week, scrap price hiked about U.S.$10-15 per ton. Presently
the HMS 1&2 80:20 offers U.S.$350-355 per ton (CFR), price of
shredded scrap is higher than U.S.$355 per ton (CFR) and HMS 1&2
70:30 quotes U.S.$ 343-344 per ton (CFR).

A trader in Turkey said that the price rising was due to the hikes of
iron ore and coke as cold weather, the purchase in Far East areas, US
demand and etc.

He added this year, the price is expected not to lower than U.S.$300 per ton (CFR) and the further increase is inevitable.

Source: MetalBiz

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