Turkish mills reduced
their lira-denominated ferrous DKP grade (auto bundle) scrap and
dollar-dominated ship scrap buying prices further Wednesday, in line with
softening imported scrap prices, industry sources said.
Steelmaker Colakoglu
decreased its DKP grade scrap buying price by Turkish Lira 40/mt ($19/mt)
Wednesday to Turkish Lira 750/mt, while Turkish alloy steel producer Asil Celik
cut its buying price for the same grade by Turkish Lira 35/mt to Turkish Lira
770/mt.
Cebitas reduced its
dollar-dominated ship scrap buying price by a further $10/mt to $360/mt, while
melting scrap from shipbreaking was offered to other mills in western Turkey
(Habas, IDC, Ege Celik and Ozkanlar) at $365-370/mt delivered to mill, $5-10/mt
lower than last week.
Turkey's largest
integrated steel producer, Erdemir, and integrated long steelmaker Kardemir
retained their buying prices for DKP grade scrap at Turkish Lira 845/mt and
Turkish Lira 835/mt respectively.
Source:
Platts. 11 June 2014
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