Turkish HMS 1/2 80:20 Scrap import prices drop to $234 a ton-Shanghai Metals Market

Hot Keywords

  • Copper
  • Production data
  • 2019 South China Metals Summit
  • Zinc
  • Inventory data
  • Market commentary
  • Macroeconomics
  • Sales data
  • Aluminium
  • trend forecast
  • iron ore
  • Operation update
  • MMi Iron Ore Port Index
  • Lithium hydroxide
  • Futures movement

Turkish HMS 1/2 80:20 Scrap import prices drop to $234 a ton

Industry News 01:41:27PM Sep 01, 2015 Source:SMM

TURKEY August 31 2015 4:05 PM

ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) dropped week-on-week to $234 a ton in the week ended August 21, as per the latest figures from the Steel Index.

TSI’s daily benchmark index for deep-sea Turkish imports of HMS #1&2 80:20 fell $5 a ton from last Friday to end the week at $234 a ton CFR Iskenderun port. 

A few cargoes were booked this week in the region of $233-234 a ton, indicating that the upward momentum seen in recent weeks has been reversed. 

Participants were bearish for the most part, with large orders of billet by Turkish mills doing the rounds on the rumour mill. 

With billet prices dropping significantly in the wake of the movements in the Yuan, scrap is also likely to come under further downward pressure.

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


Key Words:  scrap import    
Relative News

Price

more
#1 Refined Cu
Nov.13
47050.0
-75.0
(-0.16%)
Aluminum Ingot
Nov.13
13900.0
-10.0
(-0.07%)
#1 Lead
Nov.13
15875.0
25.0
(0.16%)
0# Zinc
Nov.13
18640.0
-130.0
(-0.69%)
#1 Tin Ingot
Nov.13
135750.0
-1000.0
(-0.73%)

Turkish HMS 1/2 80:20 Scrap import prices drop to $234 a ton

Industry News 01:41:27PM Sep 01, 2015 Source:SMM

TURKEY August 31 2015 4:05 PM

ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) dropped week-on-week to $234 a ton in the week ended August 21, as per the latest figures from the Steel Index.

TSI’s daily benchmark index for deep-sea Turkish imports of HMS #1&2 80:20 fell $5 a ton from last Friday to end the week at $234 a ton CFR Iskenderun port. 

A few cargoes were booked this week in the region of $233-234 a ton, indicating that the upward momentum seen in recent weeks has been reversed. 

Participants were bearish for the most part, with large orders of billet by Turkish mills doing the rounds on the rumour mill. 

With billet prices dropping significantly in the wake of the movements in the Yuan, scrap is also likely to come under further downward pressure.

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


Key Words:  scrap import