Turkish steel scrap import prices continued to increase on Friday December 18, with two fresh shipments coming to light from the previous day, sources told Fastmarkets.
*** STEEL SCRAP , Baltic Sea cargo
Late on Thursday December 17, a steel producer in the northern Turkey booked a Baltic Sea cargo, comprising 13,500 tonnes of HMS 1&2 (80:20) at $450 per tonne, 14,000 tonnes of shredded at $460 per tonne, 3,000 tonnes of bonus also at $460 per tonne and 2,000 tonnes of busheling at $470 per tonne cfr.
And a steel mill in the Marmara region booked a UK cargo of busheling at $455 per tonne cfr also late on Thursday. However, the cargo volume was not disclosed.
The previous Baltic Sea cargo was sold at $444 per tonne cfr on an HMS 1&2 (80:20) basis earlier on Thursday.
The latest deals meant the daily scrap indices continued to rise at the end of the week.
*** index for steel scrap
Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculated at $442.44 per tonne on Friday December 18, up by $5.97 per tonne.
And Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey was $450.91 per tonne on Friday, up by $5.96 per tonne day on day.
This put the premium for US material over European scrap at $8.47 per tonne on December 18, compared with the $8.48 per tonne on December 17.
The Turkish steel producers have been active in the deep-sea market all week, with six bookings confirmed by the time of publication.
A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $435 per tonne and bonus at $445 per tonne cfr on December 17.
*** European cargo
Another mill in the same region booked a European cargo, consisting of 7,500 tonnes of bonus scrap at $439 per tonne and 4,500 tonnes of busheling at $450 per tonne cfr on December 16.
And a steel mill in the Marmara region booked a European cargo, comprising HMS 1&2 (80:20) at $421 per tonne and bonus at $431 per tonne cfr on December 15.
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