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
Sep.12
779.0
23.0
(3.04%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Sep.12
102.0
3.1
(3.16%)
58% Fe Fines (Qingdao Port): IOPI58
Sep.12
689.0
16.0
(2.38%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Sep.12
90.7
2.2
(2.47%)
65% Fe Fines (Qingdao Port): IOPI65
Sep.12
825.0
25.0
(3.12%)

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.