Scrap prices remain flat in Turkey

While the import scrap market for Turkey was rather quiet during the week, it picked up slightly towards the end of the week. The main reason for the sluggishness was the cautious approach of Turkish steel mills ahead of the second round of the presidential elections. Nevertheless, 6-7 deals were recorded from the UK and the US, including grades such as HMS (80:20), shredded, PNS and bonus, resulting in much higher prices than expected.

For US HMS 1&2 (80:20), $8-10/ton increases were recorded to $383-385/ton CFR Turkey.