Trading activity in the market of imported steel scrap in Turkey increased markedly in late June - early July. There was information about the signing of a number of contracts, as the plants took a significant increase in prices. In the Turkish market, a wave of purchases of raw materials.
So, on July 1, an enterprise from the Iskenderun region contracted two parties from the Baltic region countries. Material brand HMS No 1 & 2 (80:20) was purchased at $ 297.5 / ton CFR. Indicators of scrap grade HMS No 1 & 2 (80:20) from the US east coast on July 1 rose to $ 297.5 / ton CFR Turkey from $ 280-285 / ton CFR Turkey June 27.
In addition, four more deals were reported at the end of last week. Totally, Turkish importers over the last decade have purchased more than 180 thousand tons of raw materials.
Material prepared by Metal Expert information >>
