Scrap Prices North America
November 2, 2019
CRU: Turkish Scrap Import Price Edges Closer to $250/t
Written by Ryan McKinley
By CRU Analyst Alexander Ordosch
Last week, Turkish scrap import prices were assessed at $248 /t CFR for HMS 80:20. Only one deal was assessed from Europe, after strong restocking activity over recent weeks. Prices have been rising in recent weeks as sellers have pushed for gains as it had become uneconomic to supply at the lower prices of early October. Turkish mills have been able to accept this as they have been able to lift steel export prices to almost the same degree.
