TURKEY October 28 2016 1:15 PM
ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import weekly average prices (CFR Iskenderun Port, Turkey) down to $224 a ton during the week ended September 09, as per the latest figures from the Steel Index.
According to TSI, the weekly index for deep-sea Turkish imports of HMS #1&2 80:20 decreased by $2 a ton to $221 a ton during the week.
The weak domestic market in the US seems to have carried through to the Turkish market, with one transaction from an EU seller approaching $215 a ton levels.
Pressure may however mount on scrap suppliers as market participants have suggested that the purchasing by mills of Chinese billets may return.
As was seen in the market at the start of this year, this would put further pressure on prices of ferrous scrap.