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Turkish HMS 1/2 80:20 import prices plummet further to $252 a ton
Jun 24,2016 15:14CST
industry news
Source:SMM
Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) plummeted further to $252 a ton during the week ended June 03.

TURKEY June 24 2016 11:01 AM 

ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) plummeted further to $252 a ton during the week ended June 03, as per the latest figures from the Steel Index. 

According to TSI, the daily benchmark index for deep-sea Turkish imports of HMS #1&2 80:20 dropped a significant $35 a ton during the week and settled at $252 a ton CFR Iskenderun port.

A number of short-sea cargoes of Russian and Ukrainian origin, were confirmed earlier the week at sub-$220 a ton CFR levels. A wide-spread was apparent in deep-sea offer levels, ranging between $240-260 a ton whilst bids were closer to the $230 a ton mark. 

Turkish mills are believed to still be loading scrap material from April and May deliveries and have also reduced their mill utilization capacities; therefore they have been able to withhold making deep-sea orders for over four weeks now. 

However, with holiday season approaching in July/August, market participants believe that unless mills begin buying soon, scrap material will become scarce in the domestic market, perhaps spurring on further activity in the seaborne market.


Turkish HMS scrap import prices

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