Turkish import scrap prices inch down as mills step back

摘要

London—Workable deepsea Turkish import scrap prices inched down on Sept. 29 as Turkish mills held back buying activity, sources said. S&P Global Platts assessed Turkish imports of premium heavy melting scrap 1/2 (80:20) at $292.50/mt CFR on Sept. 29, down 50 cents/mt day on day. “Today, the market will wait, but we will see some Baltic suppliers ready to sell at $290-$291/mt CFR soon -- all depends on China’s return after the midautumn holiday and Turkish mills will perhaps try to squeeze the price to get lower scrap during this period,” a Turkish trading source said, citing a tradable value for EU-origin HMS 1/2 (80:20) at $285/mt CFR.