The downturn in Turkish deep-sea scrap import prices affected scrap prices in other regions and put downward pressure on the global billet markets.
A steel mill in the Izmir region booked a US cargo of 35,000 tonnes of HMS 1&2 (95:5) at $295 per tonne cfr late on January 15, which would put the equivalent HMS 1&2 (80:20) price at about $288 per tonne
A previous US cargo of shredded scrap was sold into Turkey on January 3 at $306 per tonne cfr, which would have put the HMS 1&2 (80:20) price at around $301 per tonne.
Meanwhile, renewed sanctions imposed by the United States against major Iranian steelmakers
reduced the trade for semi-finished material from the Middle Eastern country.
Commonwealth of Independent States
Trading activity in the CIS export market increased in the week to January 17, but prices...