Turkish mills likely to continue to struggle with firm scrap prices in early 2023
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Update time : 2022-12-26 21:16:49
Turkish deepsea import scrap prices are expected to remain relatively firm over the first quarter of 2023, supported by tight supply, posing a continued challenge to Turkish steel mill margins, sources said.
Platts assessed Turkish bulk imports of premium heavy melting scrap 1/2 (80:20) at $386.75/mt CFR Dec. 23, unchanged day on day.
The assessment averaged $444.69/mt CFR over the year to Dec. 23, down slightly from $463.43/mt CFR over 2021, despite the assessment also reaching an all-time high of $665/mt CFR March 16, as a result of raw material supply concerns fueled by the Russian invasion of Ukraine in late February.
