Turkish scrap import prices recovered in the week ended Friday June 15 on steady demand from the country's steel mills. This was due to bullish sentiment in the markets arising from the United States' decision to impose its Section 232 import tariffs on material from the EU, Canada and Mexico.
East Coast fob prices in the US were up due to the Turkish demand. Taiwan import prices rose similarly, with suppliers raising their offers on increases in Turkish import prices.Turkey importsTurkish scrap import prices were on an upward trend over the past week, with the mills remaining active in the deep-sea scrap markets.A steel mill in the Iskenderun region booked a European cargo on June 14, comprising 18,000 tonnes of HMS 1&2 (75:25) at $343.50 per tonne and 12,000 tonnes of bonus at $364 per tonne cfr.A steel mill in the Iskenderun region booked a Canadian cargo later the same day, comprising 15,000 tonnes of HMS 1&2 (90:10), 15,000 tonnes of shredded and 20,000 tonnes of plate and structural scrap (P&S) at an average price of $367 per tonne cfr.Earlier, a steel mill in the Marmara region booked a 40,000-tonne Baltic Sea cargo on June 12, comprising HMS 1&2 (80:20)...