Scrap Price Updates
Two updates to share today – both from Steel Business Briefing…
Turkish imported scrap prices keep soaring
Turkish imported scrap offer prices have already crossed $500/t levels but the transactions have slowed down this week, Steel Business Briefing learns from the market sources.
The latest confirmed deep sea cargo was a composite cargo of 16,000 tonnes of HMS 1&2 70:30, 8,000t HMS 1, 3,000t of rail scrap and 3,000 tonnes of P&S; it was sold at $498/t cfr from an EU supplier.
US scrap prices still rising; could hit $500 for shredded
US shredded scrap prices were about $460/long ton delivered mill last week, according to a recent survey, and will likely continue to climb, Steel Business Briefing understands.
That’s up about $50/l.t from the beginning of December, when prices were about $410/l.t.