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....

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