In the Turkish imported scrap market, with approximately half of the December shipments sold, the urgency of purchases has decreased. As mills postponed their remaining needs to the second half of the month, the market has settled into a narrow price range. While U.S. offers remain firm, weak local demand in the Baltic regions has helped Turkish mills secure tonnage from these areas, supporting sideways price movements. The reduced urgency due to advanced shipments has also led buyers to act more cautiously. The fact that U.S. sellers made two consecutive weeks of sales around $355/t CFR further reinforces the signs of a market peak. Unless there is movement and demand in the Turkish finished goods market, prices are expected to remain stuck in a narrow and sideways range of $355–360/t CFR.
The latest deals and completed transactions were recorded as follows:
- From the U.S. to Marmara: HMS 80:20 scrap $355.50/t CFR Türkiye
- From Europe to the Black Sea: HMS 80:20 scrap $353.50/t CFR Türkiye
- From the U.S. to the Mediterranean: HMS 80:20 scrap $355.50/t, Shredded & P&S scrap $375.50/t CFR Türkiye
- From the U.S. to another Marmara buyer: HMS 80:20 scrap $355.50/t, bonus scrap $375.50/t CFR Türkiye
- From the Baltic to Marmara: HMS 80:20 scrap $353/t CFR Türkiye
- From the U.K. to Marmara: HMS 80:20 scrap $350/t, Shredded & bonus scrap $370/t CFR Türkiye
- From Europe to Marmara in two separate deals: HMS 80:20 scrap $349–349.50/t, Shredded scrap $373.50/t CFR Türkiye
- From the U.S. to another Marmara buyer: HMS 80:20 scrap $353.50/t, Shredded scrap $373.50/t CFR Türkiye
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