TURKEY May 04 2015 10:35 AM
ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import prices (CFR Iskenderun Port, Turkey) advanced further by $4 a ton week-on-week t0 $275 a ton during last week, as per the Steel Index.
Another week of relatively strong buying from Turkish mills saw prices edge higher, with a number of trades completed at $275 a ton and the highest trade heard completed at $277 a ton.
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Looking ahead to June deliveries, participants feel Ramadan will likely weaken the market, whilst some mills were once again heard to be buying Chinese billet as an alternative to melting scrap.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to email@example.com)