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Turkey Steel producers in Turkey returned to the deep-sea scrap import markets last week, buying at least five deep-sea cargoes, in response to the recovery of long steel demand in the local markets, Fastmarkets was told on Monday May 11.
A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 24,000 tonnes of HMS 1&2 (80:20) at $251.75 per tonne and 6,000 tonnes of bonus at $261.75 per tonne cfr on May 8.
Another steel mill in the Marmara region also booked a Baltic Sea cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $252 per tonne and 5,000 tonnes of bonus at $262 per tonne cfr on May 7.
Those compared with earlier Baltic Sea bookings at $242 per tonne in the previous week.
Three more cargoes were also heard from earlier last week.
A steel mill in the Marmara region booked a UK cargo, comprising HMS 1&2 (80:20) at $245 per tonne and bonus at $255 per tonne cfr.
Another steel mill in the same region booked a US cargo, comprising HMS 1&2 (80:20) at $242 per tonne, shredded at $247 per tonne and bonus at $252 per tonne cfr.
A steel mill in the Iskenderun region booked a European cargo, comprising HMS 1&2 (80:20) at $241.50 per tonne and bonus at $251.50 per tonne cfr.
The breakdowns for those deals were not clear at the time of publication.
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 The ferrous scrap export markets in the United States were largely quiet and the export yard buying prices remained largely stable until the bookings from Turkish steel mills were heard.
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 Sentiment in the Vietnamese scrap import market was bullish due to strengthened demand and expectations of higher prices for the Kanto Tetsugen auction to be concluded on May 12.
Pricing history steel scrap, HMS 1&2 (80:20), cfr Vietnam
Taiwan Major Japanese scrap suppliers returned from a holiday, but buyers in Taiwan were still waiting for a clearer price trend, because prices have been highly volatile recently.
Pricing history steel scrap, HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan
India Most of India was still under lockdown due to the Covid-19 pandemic, which kept the scrap trade on hold. Prices were largely stable because of the lack of fresh trading activity.
Pricing history steel scrap, shredded, index, import, cfr Nhava Sheva, India