Buyers in Turkey and East Asian countries have made only a single transaction, rigidly requiring suppliers to further lower prices. In particular, the representatives of the Turkish mini-mills say that the scrap today should cost no more than $300 per ton CFR to the cost of steel production compared with the figures of the integrated steel plants that use as raw materials depreciating iron ore.
While Turkish companies put up requests for American and European scrap HMS № 1&2 (80:20) at $345-355 per MT CFR, up $5-10 per ton lower than at the beginning of the third decade of may. In addition, it was reported on the acquisition of Turkish metallurgists party of European material HMS № 1&2 (70:30) at $335 per ton and less.
UGMK.INFO