Turkish HMS 1/2 80:20 import prices advance further

TURKEY April 04 2016 11:33 PM

ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) advanced further by $9 a ton week-on-week to $229 a ton during the week ended March 25, 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 $1 a ton from last Friday to end the week at $229 a ton CFR Iskenderun port. 

The market has appeared to hit a ceiling at $230 a ton for the time being, with a number of trades completed in and around this level. 

This signals a break from the recent trend of cargoes being sold incrementally higher, which could show mills have less appetite for scrap at these prices and are now pushing back.

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