Turkish HMS 1/2 80:20 Scrap import prices rise further to $238 a ton

TURKEY August 25 2015 5:25 PM

ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) rose further week-on-week to $238 a ton in the week ended August 14, as per the latest figures from the Steel Index.

According to TSI, the daily benchmark index for deep-sea Turkish imports of HMS #1&2 80:20 gained $3 a ton from last Friday to end the week at $239 a ton CFR Iskenderun port. 

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A number of cargoes were booked from US, Europe and Baltic suppliers, with prices in the range of $236-$240 a ton. 

There are differing opinions as to the direction of pricing going forward, with some putting the short term ceiling at $240 a ton, whilst others feel this will be topped in the coming days and weeks. 

Eyes are also on the Chinese semi-finished export market following the devaluation of the Yuan.

(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)