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Turkish HMS 1/2 80:20 scrap import prices remain slightly up to $319 a ton

iconJan 6, 2015 10:57
Source:SMM
Turkish HMS 1/2 80:20 scrap import prices (CFR Iskenderun Port, Turkey) remained slightly up week-on-week to $319 a ton in the early week of January.

TURKEY January 05 2015 11:45 AM

ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import prices (CFR Iskenderun Port, Turkey) remained slightly up week-on-week to $319 a ton in the early week of January, as per the latest figures released by the The Steel Index.

According to TSI, Turkish HMS #1&2 80:20 daily benchmark moved down by $1 a ton compared to the end of the previous calendar week, falling to $319 a ton, CFR Iskenderun port.

The final week of the year saw a market becalmed as mills fight to maintain finished steel margins in the face of continued competitive import prices from Ukraine, CIS and Russia.

A lowering US$-lira rate has served to further sap imported scrap appetites. The FE ratio (iron units in ore vs scrap) looks unsustainably high, hovering at a 12-month high. 

Turkish HMS 1/2 80:20 scrap import prices

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