- Turkish import scrap prices rise on buying spree
- US export scrap prices push upward on fresh Turkish deals
- Taiwan import scrap prices surge on higher freight costs, Vietnam prices stable
- Indian import scrap prices increase on Turkish price uptrend.
Turkish ferrous scrap import prices surged during the working week ended February 21 after its steelmakers went on a buying spree for March-shipment cargoes.
Turkish steelmakers booked eight cargoes totaling almost 250,000 tonnes of scrap last week
. Four cargoes were booked from the Baltic Sea at $276-279 per tonne cfr, two from the United States at $280-282.50 per tonne cfr and two from Europe at $276-284 per tonne cfr.
The daily index for steel scrap HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, ended the week at $276.27 per tonne on February 21, up by 3% from $268.17 per tonne on February 17.