ANKARA: Turkish HMS 1/2 80:20 scrap import prices (CFR Iskenderun Port, Turkey) advanced further by $4 a ton week-on-week t0 $275 a ton during last week, as per the Steel Index.
Another week of relatively strong buying from Turkish mills saw prices edge higher, with a number of trades completed at $275 a ton and the highest trade heard completed at $277 a ton.
Looking ahead to June deliveries, participants feel Ramadan will likely weaken the market, whilst some mills were once again heard to be buying Chinese billet as an alternative to melting scrap.
