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Turkey Bookings for bulk scrap imports into Turkey continued at lower prices this week, with market participants expecting further decreases in the week ahead.
The most recent deal heard by sources – for a Baltic Sea cargo on January 20 – put the HMS 1&2 (80:20) price at $440 per tonne cfr Turkey.
But the number of offers in the market has increased since that deal was done, and prices have gone down accordingly, with suppliers in the Baltic Sea region offering HMS 1&2 (80:20) at $430-435 per tonne cfr by Thursday, a trading source said.
Pricing history steel scrap HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey. steel scrap HMS 1&2 (80:20), US origin, cfr Turkey.
United States US export scrap prices have moved down amid fresh sales to both Turkey and Bangladesh, with sources in the country expecting further decreases in the next deals.
Pricing history steel scrap HMS 1&2 (80:20), export index, fob New York. steel scrap shredded scrap, export index, fob New York. steel scrap, HMS 1&2 (80:20), export index, fob Los Angeles.
Vietnam Interest for imported ferrous scrap in the key Vietnam market went down over the week due to a sharp price downtrend from exporters in both Japan and the US.
Pricing history steel scrap, HMS 1&2 (80:20), cfr Vietnam.
Taiwan Taiwanese scrap buyers dropped their bid prices dramatically amid lower offer prices. Offer prices on containers of HMS 1&2 (80:20) fell from $425-430 per tonne cfr Taiwan at the end of last week to just $405 per tonne cfr on Friday.
Pricing history steel scrap, HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan.
India On the Indian market, shredded prices plunged by $50 per tonne following a sharp correction in the international scrap market.
Pricing history steel scrap, shredded, index, import, cfr Nhava Sheva, India.