SteelMint learned from industry participants that Turkish imported scrap prices have remained stable in recent US deal concluded for August shipment. However, being a single deal reported so far, participants anticipate that Turkey steel mills may continue their remaining August shipments supporting the prices in coming days.
In a single trade deal reported recently, Marmara region-based steel mill has booked bulk cargo comprising 5,000 MT of HMS 1&2 (80:20) at USD 294/MT, CFR, 25,000 MT of Shredded at USD 299/MT and 4,000 MT of Bonus scrap at USD 304/MT, CFR. The cargo is scheduled for August month delivery.
Following this, SteelMint’s assessment of US-origin HMS 1&2 (80:20) scrap stands stable at USD 294/MT, CFR Turkey against the last week report. While assessment of European origin HMS 1&2 (80:20) stands at USD 288-289/MT, CFR Turkey.
According to sources, recyclers were aiming USD 295-300/MT offer levels for HMS 1&2 (80:20) amid lift in collection prices and increasing deadlock between importers and suppliers. While rebar export offers from Turkey were assessed at USD 455-465/MT, FoB basis, up marginally against last week.
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