Recently, Turkey’s purchasing prices of the US scrap have increased. At present, Turkish steel mills purchased the US HMS 80:20 (1&2) with prices of USD 375 per tonne rising by USD 10 per tonne to USD 15 per tonne from the previous price of USD 360 per tonne to USD USD365 per tonne C&F.
Also, the US scrap suppliers’ quotes to Turkey have reached USD 380 per tonne to USD 385 per tonne C&F.
It’s analyzed that the Turkish steelmakers started to purchase for stockpiles ahead of the schedule this year as they are worried that the winter may arrive earlier. Accordingly, it supported the US scrap prices to Turkey to rise recently.
Source - YIEH.com
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