Turkey is now actively participating in the market and is booking cargo one after another. The prices of Chinese Billet export offers have rebounded to USD 430/MT from USD 380/MT, so are the prices increased in the domestic market. This has increased the activities in scrap market.
According to Steelmint feed, “There has been some more bookings by Turkey, Deals by KAPTAN (turkey based company) had a deal with Refonda Estonia () of 21,000 Tonne HMS (80:20) at an average rate of USD 265/MT and 5,000 Tonne (P&S) at an average rate of USD 275/MT.
Another deal that was heard to be closed was between Rensselaer (US based steel company) and Ekinciler (Turkey based steel company) for a cargo conisting 15,000 tonne HMS 80:20 at an average rate of USD 269/MT, 8,000 tonne (shredded) at an average rate of USD 274/MT and 2000 (Bonus) at an average rate of USD 279/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.
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