Turkish imported scrap prices are continuing to increase on fresh deals.

Following bookings on Wednesday for Denmark-origin HMS 1&2 80:20 at $395/tonne cfr Turkey and at $415/t cfr for shredded, and for EU-origin HMS 1&2 80:20 at $394/t cfr, a southern Turkish mill bought EU-origin HMS 1&2 80:20 on Thursday at $406/t cfr for first-half-of-August shipment.

Suppliers had been offering above $400/t cfr this week but Turkish mills had resisted until now. Scrap prices have now however officially exceeded the $400/t threshold as a result of the fresh EU deal, Kallanish notes.

Baltic and US suppliers are seen targeting to sell premium HMS 1&2 80:20 at above $415-420/t, meanwhile.

Kallanish daily scrap assessment for premium HMS 1&2 80:20 rose sharply to $410/t cfr Turkey on Thursday from $395/t a day earlier.