ANKARA: Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) gained by another $4 a ton week-on-week to $282 a ton during last week, as per the latest figures from the Steel Index.
Mills have continued buying high volumes of scrap on the back of a buoyant domestic finished steel market in Turkey. Scrap merchants have been able to push up the price with every cargo sold, with supply remaining relatively tight.
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European sellers have also upped prices on the back of currency movements, to ensure they remain on parity in Euro terms.
Despite this market buoyancy there is a feeling that mills are making hay while they can before cheaper Chinese material find its way into the market once more.
However, TSI’s daily benchmark index for deep-sea Turkish imports of HMS #1&2 80:20 finished the week $10 a ton higher from last Friday at $286 a ton CFR Iskenderun port.
