The daily Davis Index for Turkish imports of US-origin HMS 1&2 (80:20) was unchanged at $255/mt cfr for a third consecutive day Thursday.
Turkey’s ferrous scrap market has been quiet for National Sovereignty and Children’s Day, a national holiday. There haven’t been any negotiations to report, and business activity is not expected to resume until next week.
The most recent deal in Turkey was done on April 16, when an Iskenderun-based mill purchased 10,000mt of HMS 1&2 (80:20) for $256.50/mt cfr, 14,000mt of shredded scrap for $261.50/mt cfr, and 6,000mt of P&S 5ft for $266.50/mt cfr from the US.
Turkish rebar prices were also flat on Thursday. Domestic spot prices remained at TRY3,300-3,370/mt ex-works, including 18pc VAT, while export prices stayed at $415-420/mt fob.
($1 = TRY6.95)