London—Heavy melting scrap prices into Turkey were increasingly bearish Wednesday as numerous market players anticipated new bookings to close with a significant discount to the previous achieved levels. “Either late this week or next week we will see some bookings at this reduced level,” a trader predicted on Wednesday afternoon. On Wednesday evening, after S&P Global Platts daily assessment deadline, Turkish buyer confirmed a purchase of 35,000 mt US-origin heavy melting scrap 1/2 (95:5), February shipment. This implied $288-$290/ mt CFR for HMS 1/2 (80:20), a Turkish buyer and a trader estimated.
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