Ascension Day fails to bring Turkish scrap down

摘要

Turkish scrap prices traded sideways Thursday despite Ascension Day in many European countries crimping activity levels. Platts assessment of Turkish premium heavy melting scrap I/II (80:20) imports was stable at $290/mt CFR. A pair of US merchants sold a cargo in tandem to an EAF-based producer Wednesday, containing 26,000 mt of 80:20 at $289/mt CFR, 3,000 mt of shred at $294/mt CFR and 7,000 mt of bonus at $299/mt CFR. The trade was confirmed with a source close to the transaction.