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European deals prompt Turkish steel mills to bid lower for US steel scrap cargos
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Sunday, 29 Jan 2012
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Rumors are indicating EU scrap dealers having booked different cargoes to Turkey as follows:
HMS 1/2 70/30 - USD 420 per tonne CFR FO
HMS 1/2 80/20 - USD 430 per tonne CFR FO
HMS 1 - USD 442 per tonne CFR FO

An important Turkish producer of long products is reported to have given a bid at USD 430 per tonne against USA offer of USD 453 per tonne for HMS 1/2 80/20.

It seems that USA suppliers are not available to consider prices lower than USD 447 per tonne o USD 450 per tonne CFR FO

www.steelprices-europe.com is a comprehensive service for tracking real time steel prices and trends in both South and North Europe on weekly basis.

The scope of service includes
1. Domestic pricing information in Germany, Italy and Spain
2. Import pricing information in Germany, Italy and Spain
3. Import levels at Antwerp and Turkey
4. Export levels from Turkey, Rotterdam, China, India and Black Sea

How to subscribe
1. Register at www.steelprices-europe.com and pay on line or ask for invoice
2. Send mail to admin@steelprices-europe.com.

(Sourced from www.steelprices-europe.com)

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