Turkish import short-sea scrap prices down, lack of vessels reported

Prices in the Turkish A3-grade scrap short-sea import market have declined by $30-35 per tonne over the past week, following a drop in prices in the deep-sea market.

Market participants have also complained about a lack of vessels to ship scrap from Russia across the Black Sea, due to the higher volumes of grain shipments being sent to Turkey along the same route.
Grain shipment volumes rose on expectations of a 130% import tariff on Russian grain in Turkey. However, this has not been imposed.

“We have seen a lot of short-sea contracts cancelled due to the absence of vessels and no...

Published

Nadia Popova

March 24, 2017

14:10 GMT

Moscow