TURKEY June 02 2015 11:40 AM
ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) dropped by $3 a ton week-on-week to $286 a ton during last week, as per the latest figures from the Steel Index.
For Live US Scrap Prices Log on to Scrap Register
According to TSI, Turkish participants reported that strong demand for scrap continued, but mills and suppliers were now at logger heads with regards to pricing, with recent currency movements forcing mills to try and reduce raw material costs.
Few deep-sea deals were concluded as mills looked to the domestic and short-sea scrap markets for material, whilst rumours persist of significant volumes of Chinese billet having been booked for June delivery.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to firstname.lastname@example.org)