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Turkish HMS 1/2 80:20 scrap import prices remain flat at $371 a ton in the week ended June 27
Jun 30,2014 12:59CST
industry news
Source:SMM
Turkish HMS 1/2 80:20 scrap import prices (CFR Iskenderun Port, Turkey) remained flat week-on-week at $371 a ton in the week ended June 27th this year.

TURKEY June 30 2014 9:35 AM

ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import prices (CFR Iskenderun Port, Turkey) remained flat week-on-week at $371 a ton in the week ended June 27th this year, as per the latest figures released by the The Steel Index.

The Turkish market saw American scrap exporters finally re-enter, but it created no ripples-transaction levels were lower than targeted, but not to a surprising degree.
 
Higher prices from the US were largely counterbalanced by transactions at lower prices from other origins; week-on-week, TSI’s index for imports of HMS #1&2 80:20 is flat at $370 a ton.
 
TSI’s daily price fell from $371/t early in the week to $370 a ton on Wednesday, but ended the week back at $371 a ton with some Friday sales exceeding that level after normalizing to Iskenderun port.
 
Turkish steel mill exports face stiff competition from increasingly lower-cost Chinese BOF mills (vis-à-vis scrap), posing the question ‘to melt, or re-roll’?
 
The Steel Index

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