REVIEW OF 2011: Turkish scrap price stability
Dec 28, 2011 | 04:13 AM
As 2011 comes to a close and prices for ferrous scrap into Turkey look like surging higher into the New Year, the market has observed fairly stable levels throughout the past 12 months.
Metal Bulletin’s cfr Iskenderun index recently passed $460 per tonne for HMS 1&2 (80:20) grade, but looking back, material has traded within a $100 per tonne range for throughout the year.
Prices peaked at $509.36 on January 11 and bottomed at $410.07 on November 21, according to index data.
The pack-factor many often talk of when describing the pattern of Turkish scrap buying activity has been....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.