London—Turkish deepsea import scrap prices are expected to remain at largely elevated levels over the first quarter of 2021, amid firm mill order books and expected increases in US and EU domestic January scrap contracts, sources say. S&P Global Platts assessed Turkish imports of premium heavy melting scrap 1/2 (80:20) at $482.50/mt CFR on Jan. 4, up $5/mt from Dec. 31, to reach its highest level in almost 10 years. The index was last assessed higher at $490/mt CFR on Jan. 31, 2011. “Scrap prices should continue upwards but not as sharply as before,” a Turkish mill source said, adding that Chinese steel futures “looked positive."
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