Sunday in the scrap market, the intense iron demand that will occur after the earthquake in Turkey, as well as the demand that will arise and the expectation of recovery in China appetized scrap representatives in the global market. With the latest link heard today in gradually increasing prices against the strong demand of the market, it showed that prices are trying to gain room for upward momentum.
The two connections heard the other day was made by a manufacturer operating in Osmaniye, which was affected by the earthquake. Market representatives said that the companies that have started production again will move at an intensive pace to be able to grow the needs of the region, and the need for scrap/logs will increase every day. The last two connections heard from the region took place as follows.
USA-Osmaniye Region Producer:
80:20 $455
Shred $475
Bonus $475
EU (France) - Osmaniye Region Producer:
10k 80:20 $448
Today, three different connections of a manufacturer in the Marmara Region have been heard in the market. Although the factory did not give any confirmation on the subject, market representatives stated that the price is at a reasonable level and that the connections are highly likely.
EU(North Country) - Marmara Region Producer:
$456 80:20
BST - Marmara Region Producer:
$460 Average
Sims US - Marmara Region Manufacturer:
$462 90/10
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