The daily Davis Index for Turkish imports of US-origin HMS 1&2 (80:20) decreased by $5.49/mt to $254.14/mt cfr on Wednesday on lower bids.

 

Buying activity remains slow in the Turkish ferrous scrap market with mills are preferring to wait for lower prices for their March shipments. Bids were reported at around $250/mt cfr for HMS 1&2 (80:20) from the USA or the Baltic region.

 

On Feb 4, a Russian exporter from St. Petersburg sold 25,000mt of HMS 1&2 (80:20) at $251/mt cfr and 5,000mt of bonus material at $261/mt cfr to an Iskenderun-based integrated steel mill. However, no firm offers were reported on Wednesday as most scrap suppliers decided to step back and evaluate this most recent deal and current market conditions.

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