TURKEY March 10 2016 9:35 AM
ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) gained sharply by $14 a ton week-on-week to $194 a ton during the week ended March 04, 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 $10 a ton from last Friday to end the week at $197 a ton CFR Iskenderun port.
Last week participants were stating it looked as if the market would reach $200 a ton and above, and this still looks to be the case, with an ex-US trade completed at $198.50 a ton the week.
Domestic rebar prices have risen sufficiently to allow for this rise, in what appears to be a healthier domestic steel market all around at present.