Turkish deepsea import scrap prices stable as buyers hold back

摘要

London—Turkish deepsea import ferrous scrap prices were stable March 15, as mills held back from buying activity, sources said. S&P Global Platts assessed Turkish imports of premium heavy melting scrap 1/2 (80:20) March 15 at $437/mt CFR, unchanged on day. A Turkish mill source cited an indicative tradable value for premium HMS 1/2 (80:20) at $435/mt CFR, while a second mill source said premium HMS 1/2 (80:20) was workable at $435-$440/mt CFR. “Perhaps $430/mt CFR will be the bottom, if you [as a seller] don’t care and want to cash out, but otherwise waiting a bit can cure the market,” a Turkish agent source said. “There is a slowness in demand today, and bulk freights are a concern - if they were lower, I think we would see some more scrap buying.”