Turkish HMS 1/2 80:20 Scrap import prices plummet further to $211 a ton

Published: Sep 18, 2015 12:43

Save

Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) plummeted further by $16 a ton week-on-week to $211 a ton in the week ended September 11.

TURKEY September 17 2015 4:15 PM

ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) plummeted further by $16 a ton week-on-week to $211 a ton in the week ended September 11, as per the latest figures from the Steel Index.

According to TSI, daily benchmark index for deep-sea Turkish imports of HMS #1&2 80:20 fell by $14 a ton from last Friday to end the week at $205 a ton CFR Iskenderun port.

Sellers succumbed to the fact that there was a lot of inventory in US, UK and Baltic yards, along with the realisation that scrap prices needed to become more competitive compared to billet.

Multiple cargoes were traded this week, with prices at $215-210 a ton early on Monday, but come Friday material was heard to have changed hands in and around $200 a ton.

Looking at both rebar and imported billet prices, participants feel further falls below $200 a ton for scrap would not come as a surprise.

scrap imports Turkish HMS 1/2 80:20 scrap import average prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

9 hours ago

ADC12 Prices Rise Amid Cautious Downstream Demand

[SMM Aluminum Alloy Daily Review] After opening higher today, aluminum alloy 2604 fluctuated upward and briefly surged to 24,125 yuan before pulling back somewhat, then maintained a narrow consolidation in the afternoon. It finally closed at 23,885 yuan, up 205 yuan/mt from the previous close, an increase of 0.87%. Boosted by the rebound in futures prices, ADC12 quotations rose across the board today, with the SMM average price of ADC12 raised by 300 yuan/mt. Driven by the cost side, producers actively recouped earlier losses. However, affected by wild swings in prices during the week, downstream purchasing sentiment remained cautious, with most buyers continuing to wait and see or restock only for immediate needs, while the overall pace of market transactions stayed steady. In the short t

9 hours ago

SHFE Cast Aluminum Alloy Warrants Down 1,144 mt to 55,900 mt on March 11

[SMM Flash News] SHFE data showed that as of March 11, the total registered volume of cast aluminum alloy warrants was 55,900 mt, a decrease of 1,144 mt from the previous trading day. By region, the total registered volumes were Shanghai (5,080 mt, down 180 mt), Guangdong (19,242 mt, down 210 mt), Jiangsu (6,905 mt, down 302 mt), Zhejiang (18,722 mt, down 362 mt), Chongqing (4,144 mt, down 90 mt), and Sichuan (1,807 mt, increase of 0 mt).

9 hours ago

10 hours ago

Data: SHFE, DCE market movement (Mar 11)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 11 Mar , 2026

10 hours ago