Turkish import scrap prices soar on end-of-year buying

Dec 15, 2011 | 05:34 AM |

Turkish import scrap prices soared this week as the cfr Iskenderun index for HMS 1&2 (80:20) increased by more than $15 from Monday to reach $450.10 per tonne on December 14. Around ten deep-sea cargoes have been sold to buyers in Turkey over the past week, with European prices for the base grade of HMS 1&2 (80:20) at $436-448 per tonne cfr depending on origin. Higher grade cargoes also carried a much higher premium with tonnages of....

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