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Turkish HMS 1/2 80:20 scrap import prices drop further to $344 a ton
Oct 14,2014 17:07CST
industry news
Source:SMM
Turkish HMS 1/2 80:20 scrap import prices (CFR Iskenderun Port, Turkey) dropped further by $6 a ton week-on-week to $344 a ton in the week ended October 10.
TURKEY October 14 2014 11:32 AM

ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import prices (CFR Iskenderun Port, Turkey) dropped further by $6 a ton week-on-week to $344 a ton in the week ended October 10, as per the latest figures released by the The Steel Index.
 
According to TSI, the daily benchmark index for deep-sea Turkish imports of HMS #1&2 80:20 fell by $3 a ton from last Friday, to finish the week at $342 a ton CFR Iskenderun port. 
 
The rapid decline in prices seen over the last few weeks seems to have lost some of its momentum, perhaps hinting that participants feel the bottom of market lies at around the $340 a ton level.
 
However, upon their return from Eid holidays, traders were still not buying cargoes in any large numbers which suggests a continued lack of confidence in finished steel sales.
 
Turkish HMS 1/2 80:20 scrap import prices
The Steel Index.

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