Turkish HMS 1/2 80:20 import prices drop further to $266 a ton-Shanghai Metals Market

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Turkish HMS 1/2 80:20 import prices drop further to $266 a ton

Industry News 10:23:17AM Dec 26, 2016 Source:scrapregister

TURKEY December 23 2016 1:24 PM

ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import weekly average prices (CFR Iskenderun Port, Turkey) dropped further to $266 a ton during the week ended December 09, as per the latest figures from the Steel Index

The daily Turkish scrap benchmark for HMS #1&2 80:20, CFR Iskenderun port, closed at $266 a ton on Friday, a $2 a ton drop week-on-week. 

Trading resumed this week after a lull of nearly two weeks, with two European cargos bought by Iskenderun EAF-based producers. 

In the US, buy-week has gotten under way with Midwest prices seeing an increase of US$40-$50/long ton from November’s settlements. 

According to market participants the limited amount of shipping days in December, which are as a result of a protracted buy week and the holiday season, has given scrap suppliers a negotiating advantage in dealing with mills.

Price

more
62% Fe Fines (Qingdao Port): IOPI62
Aug.23
727.0
0.0
(0.00%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Aug.23
95.3
-0.1
(-0.13%)
58% Fe Fines (Qingdao Port): IOPI58
Aug.23
642.0
-9.0
(-1.38%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Aug.23
84.6
-1.3
(-1.56%)
65% Fe Fines (Qingdao Port): IOPI65
Aug.23
779.0
2.0
(0.26%)

Turkish HMS 1/2 80:20 import prices drop further to $266 a ton

Industry News 10:23:17AM Dec 26, 2016 Source:scrapregister

TURKEY December 23 2016 1:24 PM

ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import weekly average prices (CFR Iskenderun Port, Turkey) dropped further to $266 a ton during the week ended December 09, as per the latest figures from the Steel Index

The daily Turkish scrap benchmark for HMS #1&2 80:20, CFR Iskenderun port, closed at $266 a ton on Friday, a $2 a ton drop week-on-week. 

Trading resumed this week after a lull of nearly two weeks, with two European cargos bought by Iskenderun EAF-based producers. 

In the US, buy-week has gotten under way with Midwest prices seeing an increase of US$40-$50/long ton from November’s settlements. 

According to market participants the limited amount of shipping days in December, which are as a result of a protracted buy week and the holiday season, has given scrap suppliers a negotiating advantage in dealing with mills.