October 07, 2008

Turkey’s scrap prices in upward trends

It is reported that Turkish domestic and import prices of scrap are continuously increasing as the demand for scrap remains very strong and the recent purchase prices of scrap have been staying at record levels.

Currently, the price of mixed scrap number 1 and number 2 from the US is at CFR USD 523 per tonne and the price is around USD 533 per tonne for P&S scrap.

Besides, the price for A3 scrap of Black Sea to Turkey has hit CFR USD 550 per tonne, but Turkey’s mills said that they can only accept price between CFR USD 523 to USD 530 per tonne.