Wednesday, March 09,
Turkish steel producers have restarted their scrap purchases as from last week onwards.* Some more steel producers are still in the market to book cargoes supported by scrap suppliers offering material in response to this demand.
In last week’s cargoes booked ex-US, the price of HMS I/II 80:20 moved up to $460/MT CFR from the previous level of $450/MT CFR. In an offer made to Turkey this week, HMS I/II 80:20 has been offered at $465/MT CFR, shredded has been offered at $470/MT CFR.
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