On the first day of the week, Turkish mills and traders took a cautious stance, creating a generally calm market atmosphere. Limited response to price increase attempts has guided producers toward a supportive position, and this cautious sentiment has also reflected on the scrap market.
Turkish mills are reluctant to accelerate their January purchases. Mills turning to short-distance scrap to cover missing December tonnage have sent some suppliers urgent loading requests.
Rising sea freight rates and early winter freezing in the Baltic are tightening supply. Mills are managing demand volume and purchase timing in a controlled manner, using short-distance supply as a tool to limit upward pressure on scrap prices.
While the market moved sideways within a narrow range last week, Turkish imported scrap prices stabilized around $355/t this week. Meanwhile, the market is also expected to test the $360/t level.
Recent deals and completed transactions this week were recorded as follows:
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HMS 80:20 scrap from the US to the Aegean region at $355.50/t CFR Türkiye, shredded scrap at $375.5/t
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HMS 80:20 scrap from the US to the Mediterranean region at $355.50/t CFR Türkiye
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HMS 80:20 scrap from Europe to the Aegean region at $354.50/t CFR Türkiye
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