Turkey Continues To Buy Bulk Sea Borne Scrap

Turkey after returning to the scrap buying activity is continuously booking bulk sea borne scrap cargo. There are some deals heard.

According to Steelmint feed, “There has been some more bookings by Turkey:

• Deal by BASTUG (turkey based company) had a deal with American Iron of 50,000 tonne cargo with 35,000 tonne shredded and 15,000 tonne HMS (90:10) at an average rate of USD 279/MT.
• Deal between Refonda and HABAS for a cargo conisting 24,000 tonne HMS 80:20 at an average rate of USD 272.50/MT and 6,000 tonne bonus at an average rate of USD 282.50/MT.
• Deal closed between SIMS UK and ICDAS for a cargo of 45,000 tonne HMS (80:20) at an average rate of USD 270/MT which is reported to come in two vessels.
• Another deal that was reported was between Duferco (US based steel company) and HABAS (Europe based scrap company) for a cargo consisting of 23,000 tonne HMS (80:20) at an average rate of USD 272/MT.

The prices in Turkey seems to have increased as the above deals have been closed at a higher prices than the earlier bookings done by Turkey.