Turkish HMS 1/2 80:20 import prices fall further to $171 a ton

Published: Nov 3, 2015 17:09

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Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) fell further by $2 a ton week-on-week to $171 a ton in the week ended October 23.

TURKEY November 03 2015 12:24 PM

ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) fell further by $2 a ton week-on-week to $171 a ton in the week ended October 23, 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 rose off near-record lows on last Friday to $174 a ton (daily spot price) - its highest day-on-day rise since July as sentiment firmed.

However, some traders were quick to express caution against calling recent price levels a floor, stating sufficient uncertainty prevailed in the marketplace given upcoming elections in Turkey as well as concerns over demand for finished steel. For now, some respite for recyclers.

import prices scrap import average prices

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