The daily Davis Index for Turkish imports of US-origin HMS 1&2 (80:20) decreased by $2.07/mt to $498.75/mt cfr on Wednesday as buyers remained firm on lower bids.
Turkish mills require ferrous scrap for August shipment but plan to continue purchasing it at $495-500/mt cfr for HMS 1&2 (80:20) from the USA and the Baltic region, preferring to decline offers at $510/mt cfr.
Some bookings at $496-499/mt cfr for HMS 1&2 (80:20) from the USA and the Baltic region were heard in the Turkish market today, but opinions vary about the dates of those transactions.
Spot rebar prices in the Turkish domestic market remained unchanged at TRY7,250-7,450/mt ex-works, including 18pc VAT, on Wednesday.
($1=TRY8.69)