Scrap Metal Import Export Market Summary Feb.

26. Feb. 2010

Turkey’s scrap import market holds steady

Turkey’s scrap imports prices remained stable this week with fewer orders. It was predicted that stockiests might try to build up their inventories; however, they are not willing to accept the high prices.

According to one mill in Turkey, they imported mixed scrap No.1 and 2 (80:20) at US$332/ton. Offers of last week were between US$350/ton.

Russian scrap exports down in 2009

Russian scrap exports totaled 2.01 million tons in 2009, 68.4 percent lower than in 2008. Among the recipients, Turkey imported 552,000 tons (27.5 percent), a total 76.4 percent lower than last year; 428,000 tons went to Spain (21.3 percent), down by 56.2 percent; and Korea imported 420,000 tons (20.9 percent) down by 65 percent. Total Russian exports of scrap in 2008 were 6.35 million tons; in 2007, 7.94 million tons; and in 2006, 9.71 million tons.
[Yieh news]