Scrap Prices North America
August 20, 2019
CRU: Turkish Scrap Prices Fall
Written by Tim Triplett
By CRU Analyst Iris Speelmanns
Last week, Turkish scrap prices slid further, dropping by $9 /t w/w to $281 /t CFR for HMS 80:20, based on one 40 kt deal from Europe. This new price level is the lowest level since the brief drop in mid-June and before that the distinct, though brief, weakness last winter. Weaker global steel prices amid iron ore price falls is a key contributor to the recent decline.
