DAILY STEEL SCRAP: Deep-sea prices edge down on news of midweek Baltic Sea booking
No deals were heard to have taken place in the Turkish scrap import market on Friday April 23, with activity quiet because of the Children’s Day public holiday in Turkey.
A third booking from Wednesday came to light on Friday, however, which resulted in Fastmarkets’ indices edging down slightly.
A steel mill in the Iskenderun region booked a Baltic Sea cargo consisting of 22,000 tonnes of HMS 1&2 (80:20) at $426 per tonne, 5,000 tonnes of shredded scrap at $436 per tonne and 6,000 tonnes of bonus grade scrap, also at $436 per tonne. The booking of scrap from Russia was for shipment in the first half of June.
Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculated at $424.65 per tonne on April 23, down from $425.52 per tonne.
And the daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey was $430.62 per tonne on Friday, down from $431.49 per tonne, leaving the for US material over European scrap at $5.97 per tonne.
One cargo was heard on Thursday April 22, with a steel mill in the Iskenderun region booking a Venezuelan cargo, consisting of 25,000 tonnes of HMS 1&2 (80:20), at $424.50 per tonne cfr.
Two other cargoes were heard on Wednesday.
One involved a steel mill in the Iskenderun region booking a European cargo, comprising 22,500 tonnes of HMS 1&2 (80:20) and 12,500 tonnes of a mixture of plate and structural (P&S) and HMS 1 at an average price of $429 per tonne cfr.
And a steel mill in Northern Turkey booked a 27,000-28,000-tonne Baltic Sea cargo, comprising HMS 1&2 (80:20) at $427 per tonne, shredded at $432 per tonne and bonus at $437 per tonne cfr.
A number of deals done at the end of last week did not emerge until early this week.
A steel mill in the Izmir region booked a European cargo at $416 per tonne cfr for HMS 1&2 (80:20). The cargo breakdown, however, was not clear at the time of publication.
Two deals for European cargoes of the same material were done at $417 per tonne cfr.
A steel mill in the Izmir region booked a European cargo at $417 per tonne cfr for HMS 1&2 (80:20).
And a steel mill in the Iskenderun region booked a Venezuelan shipment of 25,000 tonnes of HMS 1&2 (80:20) at $415.50 per tonne cfr.