Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The daily Davis Index for Turkish imports of US-origin HMS 1&2 (80:20) increased by $1.91/mt to $496.91/mt cfr on Thursday following a fresh booking from the USA.


In the only reported transaction for over 10 days, an Izmir-based mill purchased 10,000mt of HMS 1&2 (80:20) at $499/mt cfr, 16,000mt of shredded scrap at $519/mt cfr, and 2,000mt of bonus material at $519/mt cfr from a US exporter on Jun 23.


Buying activity remains low in Turkey, with the few mills remaining bidding $490-495/mt cfr for HMS 1&2 (80:20) from the USA and Baltic region.


Spot rebar prices in the Turkish domestic market increased by TRY30-50/mt to TRY7,140-7,370/mt ex-works on Thursday on currency fluctuations. Kardemir opened rebar sales at TRY7,245.20/mt ex-works. All domestic prices include 18pc VAT.



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