Turkish scrap import market continues to be strong, market sentiment has been boosted.

Allegedly,Turkeymixture of 1, 2-weight waste (80:20) Import prices go to USD236 / ton (CFR), compared to mid-July increased by about USD 10 / ton. One of steel mill imported from theUnited Statesa number of shredded No. 1 heavy scrap and P & S scrap mixed scrap, price at USD 241 / ton (CFR).

As the international scrap market to remain weak and Turkey’s imported resource from China during April—June would arrive, Turkish scrap prices rising may only be temporary, the majority of buyers still on the sidelines.

                                                        XINSTEEL NEWS