JULY SCRAP REPORT: Turkey is one of the biggest scrap metal importers in the world. Let’s see how they are tipping the scales in scrap metal imports. The end of June and July are showing a slowdown for Scrap metal demand in Turkey; on of the largest scrap metal importers. Scrap prices are down. Although, it looks like Turkey is ready for an upswing in August of this year. Turkish steel producers are now resuming their deep-sea purchases of scrap metal for delivery in August, following their downturn in prices, from our sources on Tuesday July 10th. Do you know anything about Turkey? Here’s what you see when visiting Turkey….the tourist version!
Four deep-sea cargoes were heard traded on Tuesday, three of which were sold out of the United States, Metal Bulletin was told that a steel mill in the Izmir region booked an US cargo, comprising 32,000 tonnes of HMS 1&2 (80:20) at $348 per tonne, 7,000 tonnes of shredded at $358 per tonne and 3,000 tonnes of bonus at $363 per tonne cfr. Some sources believed that the cargo was sold late on July 6 but has only now been processed.
Let’s take some broad strokes and see how the scrap metal prices have changed in the last 10 years.
*(in U.S. dollars per metric ton)
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