Turkish scrap buyers bypassing Europe for now

Sep 09, 2005 | 06:33 AM | Ben Garside

High prices have prompted Turkish ferrous scrap buyers to play a waiting game and stay out of the western European market, but small shiploads of scrap continue to flow in from some Black Sea exporters.

Some Turkish mills have managed to book orders for 3,000-tonne cargoes of an 80-20 mix of No. 1 and No. 2 heavy melting steel scrap from Black Sea suppliers at about $252 to $253 per tonne delivered. There was one offer from a scrap exporter in Georgia for slightly lower-grade scrap at $245 per tonne, but that was rejected. Freight across the Black Sea to Turkey remains around $30 to $35 per tonne.....

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