Turkish mills have been on the rampage booking nearly 1 million mt scrap about a fortnight ago. Low inventory and worry of severe weather conditions culminating in supply shortage from Russia Romania has fired scrap buying.

Turkish mills mostly favor USA scrap 80-20 HMS owing to superior quality and better yield. Last booking price was heard at USD 395 per tonne, CFR for un-shredded and USD 400 per tonne for shredded. European scrap is booked at USD 375 per tonne.

Scrap from Italy has been booked at Euro 245 - 250 per tonne, FOB however the trend is towards booking more from USA owing to high nickel, light Cargo content-mixture of insulated etc