New purchases have been heard from Turkish steel mills, which have not been purchasing scrap for a long time. As of mid-April, the latest 80/20 scrap deals made at $555 levels were suppressed by rumors of cheap Russian billet entering Turkey.
After a long silence, yesterday a cargo containing 20.000tons of UK origin HMS (80:20) from an Izmir-based producer was $480/ton,
In addition, a new contract (Kuusakoski) for which tonnage details will not be known was booked at $490/ton CFR.
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