Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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January 2019 | Steel Scrap and Metallics Forecaster


Turkish import scrap prices set to continue modest recovery as demand swells: Europe Market Analysis


Stability in the Turkish lira has also increased the attractiveness for mills of importing scrap.

After an early-year dip, Turkish import scrap prices have rebounded in the second half of January. Fastmarkets MB’s daily index for Northern Europe-origin HMS#1&2 imported to Turkey exceeded the $300-per-tonne mark in late January for the first time since mid-December. Rising prices come against a backdrop of bookings, with Fastmarkets MB recording at least 723,000 tonnes of deep sea scrap booked in January compared with 120,000 tonnes in the entire month of December. After low activity in December depleted scrap inventories, more...

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