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15 May
15:33

Low-priced EU-origin scrap sale surprises Turkish market

Turkish mills booked numerous deep-sea scrap cargoes last week, in the range of $249-252/tonne cfr Turkey for HMS 1&2 80:20, Kallanish notes. These bookings were mostly from the USA and Baltic, as European suppliers could not meet Turkish steel producers’ price expectations due to high dock prices in the EU. However, the fresh EU-origin scrap booking concluded on Thursday surprised Turkish market players. An EU supplier sold 20,000 tonnes of HMS 80:20 a…
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