Due to tight supply, Turkish scrap import market continued to rebound, mixture of No 1 and 2 scrap (80:20) Import prices continued to rise, up by USD5 / ton over last week to USD180 / ton (CFR).

Allegedly, the Turkish mills import a batch mixture of No1 and 2 scrap (80:20) from the Baltic Sea region, the price is USD182 / ton (CFR).

Currently, scrap suppliers offer strong, the market is expected that the imported price of scrap would rise to USD185/mt later. 

                                                                      XINSTEEL NEWS