Turkish HMS 1/2 80:20 scrap import prices drop to $257 a ton

TURKEY March 23 2015 9:35 AMTweet
ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import prices (CFR Iskenderun Port, Turkey) dropped by $3 a ton week-on-week to $257 a ton during last week, as per the Steel Index.

Some US suppliers were offering material at $260 a ton and above, whilst Russian suppliers were willing to sell lower owing to their favorable forex situation.

Participants are perhaps waiting to see how well recent rebar price rises are received in the market before making decisions on further material purchases.

Greater clarity may emerge following the IREPAS conference early next week.