The imported scrap market in Türkiye started the week quietly. While stock replenishment is expected to begin next week, market participants also noted that stockists could delay purchases if sentiment deteriorates further.
On the U.S. East Coast, the anticipated freight decline did not materialize, and most deep-sea freight rates remained at last week’s levels. In the European domestic market, mills are requesting price cuts for September, while suppliers expect producers to partially reflect rising costs in their offers.
Based on recent transactions:
Aegean Region:
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A buyer purchased an HMS 80:20 European cargo at $340/ton CFR.
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Later in the week, another Aegean-based mill secured 90:10 scrap from the U.S. at $345/ton CFR.
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