In latest deal reported, an Aegean-region based steelmaker in Turkey concluded a bulk vessel yesterday from a US based recycle yard, booking a mixed cargo comprising of HMS 1&2 (80:20) at USD 259/MT CFR, and bonus scrap at USD 269/MT CFR Turkey. The same steelmaker also booked another cargo from a different US-based supplier with HMS 1&2 (80:20) at USD 258.5/MT, Shredded at 263.5/MT and bonus at 268.5/MT CFR.
-- Another deal reported to a West Marmara based steel maker included a bulk vessel with mixed cargo of HMS 1&2 (80:20) at USD 258/MT, Degirmen scrap at USD 263/MT and Bonus at USD 268/MT CFR.
--Another prominent supplier from Europe sold a bulk vessel to a Mediterranean region based steel mill, with HMS 1&2 (80:20) at USD 254/MT, Shredded at 259/MT and bonus at USD 264/MT CFR Turkey.
Prior to this last week, a Mediterranean region-based steelmaker concluded a bulk vessel yesterday from a Netherlands based scrap yard, booking 25,000 MT of mixed cargo comprising of 22,500 MT of HMS 1&2 (80:20) at USD 248/MT CFR, and 2,500 MT of bonus at USD 258/MT CFR Turkey.
As per SteelMint’s methodology, assessment of US-origin HMS 1&2 (80:20) scrap has now climbed up to USD 258.5/MT, CFR Turkey, rising by USD 5/MT, against last week’s closing. The assessment of European origin HMS 1&2 (80:20) now stands at around USD 253/MT, CFR Turkey.