An unstable situation is observed in the markets of the EU, Türkiye and the MENA countries. Lowering pressure is exerted by persistently low demand and fluctuations in the currency market. The weakening of scrap prices is also a restraining factor. In the conditions of the deterioration of the economic situation and the reduction of the sale of finished products, Turkish companies insist on lowering prices for scrap metal. The latest deals for delivering HMS 1&2 80:20 scrap to Türkiye from the EU and the USA were at $410/t CFR and $415/t CFR against $415- 419/t CFR a week earlier. However, some Turkish scrap importers cite $392-395/t CFR as a target level.
The latest contacts made by Turkish steelmakers heard this week, although not yet confirmed, are as follows;
Deals from Europe to the Mediterranean region;
For HMS (80:20) scrap at $412/t CFR Türkiye,
Agreements from the US to the Mediterranean region;
For HMS (80:20) scrap at $412/t CFR Türkiye,
Deals from Europe to the Aegean region;
For HMS (80:20) scrap at $412/t CFR Türkiye.
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