Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey
, was $266.08 per tonne on November 29, against $257.41 per tonne on November 25.
“Holiday periods in Europe and the US, and winter conditions, are pushing up collection costs and, therefore, scrap prices,” a Turkish mill source told Fastmarkets.
CIS, Turkey, Middle East-North Africa
Suppliers in the Commonwealth of Independent States (CIS) region have been trying to increase their offers because of the strengthening scrap values.
Offers of CIS-origin billet were scarce because mills’ allocations for December rolling had been taken up in successful sales in earlier weeks
, which resulted in a lack of demand in the major outlets last week.
A few offers including some for prompt shipment were heard in the market in the range of $388-395 per tonne fob Black Sea.
In Turkey, CIS-origin billet was available...