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09 Jul

Turkish scrap prices see limited room for manoeuvre

Turkish scrap import prices have lately been more stable than ever, squeezed into a very narrow range due to the lack of space for manoeuvre for both buy and sell sides. On Tuesday, a UK-origin HMS 1&2 80:20 deal was heard sold last Friday at $384/tonne cfr Turkey. Fresh EU-origin offers are seen at above $385/t cfr, while US suppliers are seeking slightly above $390/t cfr. Merchants seem to be targeting selling at last week’s levels, $384/t and $390/t…
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