Turkish HMS 1/2 80:20 import prices continue to stay under $200 a ton mark

TURKEY December 07 2015 3:01 PM

ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) continued to stay under $200 a ton mark in the week ended November 27, 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 $3 a ton week-on-week to $194 a ton CFR Iskenderun port.

The market was quiet in terms of trade completed, with both buy and sell side participants seemingly content to take a breather. 

However, sentiment is clearly to the down side, owing to the fact that mills are very well stocked and can afford to stay out of the market and collectively push prices down.