Turkish HMS 1/2 80:20 import prices decline further to $203 a ton

TURKEY September 29 2015 11:02 AM

ANKARA (Scrap Register): Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) declined further by $8 a ton week-on-week to $203 a ton in the week ended September 18, 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 $2 a ton from last Friday to end the week at $203 a ton CFR Iskenderun port. 

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The market appeared to take a breather from the multiple sales seen in recent weeks, with completed cargoes far and few between.

Participants still feel the market will move below $200 a ton in time, given the differentials between billet, rebar and scrap.

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