Thursday, April 28,
Despite of the sluggish demand from Turkey, the scrap prices have soared sharply by USD15/MT in the East US, driven by the strong demand from the US local mills.*
In fact, Turkey is the main customer of the scrap mills in the East US; however, the purchase from Turkey has become weak due to the unstable political situation in North Africa and Mid East.
At present, Turkey’s purchase prices of the US container HMS scrap 1:2 (80:20) are at US$447.50-US$450/ton, up by US$2.5~US$5/ton from the previous quote. Furthermore, some US mill increase the prices to US$455/ton C&F; however, the prices were unfavorable for the Turkish buyers.
Leave a Reply