TURKEY August 10 2015 9:40 AM
ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) rose further by $4 a ton week-on-week to $233 a ton in the week ended July 31, as per the latest figures from the Steel Index.
According to TSI, the daily benchmark index for deep-sea Turkish imports of HMS #1&2 80:20 gained $1 a ton from last Friday to end the week at $234 a ton CFR Iskenderun port.
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Volumes booked by Turkish mills were strong, with pricing relatively stable in the range of $230-235 a ton depending on the supplier and delivery promptness.
Scrap appears to have now gained a footing in the market, following the last couple of months which saw mills take a strong preference to imported billets.
The market appears stable for now, but a weak US domestic buy week could prompt US yards to lower their offers again.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)