A steelmaker in Turkey’s Izmir region booked US-origin HMS 1&2 (80:20) scrap at $402 per tonne CFR. Fastmarkets’ US-origin deep-sea scrap index rose $3.74 to that same level on September 23. The North European-origin index increased to $397.28 per tonne CFR.
Traders pointed to continuing mill demand, tighter vessel availability and higher freight costs. Turkish rebar demand was also helping mills sustain scrap purchases
