Turkish steel mills resume scrap purchases, import prices stabilize

Release time：May 15, 2019 From：admin

Industry news on January 8 said that after a brief period of quiet silence, Turkish steel producers have now resumed deep sea scrap purchases.

The three steel producers imported four batches of deep-sea scrap from the US and Europe at prices similar to those of previous transactions.

A steel mill in the Iskenderun region of Turkey ordered a US-made scrap, containing 17,000 tons of CFR at a price of US$280/tonne No. 2 mixed heavy-duty scrap (80:20) and a CFR price of 8,000 tons. It is $285/ton of crushed material and 5,000 tons of P&S structural scrap with a CFR price of $290/ton.

Another steel mill in the region also ordered a US-made scrap, which included 18,000 tons of CFR quoted at $280/tonne No. 1 No. 2 mixed heavy-melt scrap (80:20) and 12,000 tons of CFR quoted at $285/ Tons of broken material.

The plant also ordered a vessel with a European CFR price of $273/tonne No. 1 No. 2 mixed heavy melting scrap (80:20). However, the specific weight of the shipment was not clear at the time of this press release.

A steel mill in the Mara region also ordered a No. 2 mixed heavy melting scrap (80:20) containing 20,000 tons of CFR at $273/tonne.

These transactions have made the reference price of imported Turkish scrap on January 8 basically stable.

The CFR reference price for the Nordic No. 1 No. 2 mixed heavy melting scrap (80:20) is US$271.38/ton, which is only US$0.23/tonne.

The CFR reference price of US No. 1 No. 2 mixed heavy melting scrap (80:20) is US$279.84/ton, and the daily growth rate is also US$0.23/ton.

Therefore, on January 8, the premium of US mixed heavy waste resources compared with the Nordic peers was at US$8.46/ton, and the price remained stable.