Multiple trades circulated in the Turkish ferrous scrap market on Wednesday, though most were said to stem from last week and several were missing consensus on pricing.
The most recent confirmed sale came from a UK seller on Tuesday, and was bought by an Iskenderun EAF-based producer.
The cargo contained an unspecified amount of 80:20 at $295/mt, but was confirmed at this level by a source close to the transaction.
Recent cargoes from this exporter have traded at parity with premium US and Baltic cargoes.
A US trader applied a typical $5/mt parity, saying it meant the market was now $300/mt for US or Baltic 80:20.
"I don't see a buyer at $300/mt just yet," he said.
The Iskenderun mill was heard to buy another cargo ex-Baltic at $296/mt, but a source close to the trade said that it had not been concluded.
S&P Global Platts assessed HMS I/II 80:20 at $296/mt CFR Turkey on Wednesday, down 50 cents from Tuesday.
Other trading was heard from last week. A European exporter was said to have booked two cargoes to two separate mills in Marmara, at $294/mt for 80:20.
A UK exporter was heard to book several cargoes in a $292-$294/mt range, while another UK exporter was heard to have booked without price levels.
Confirmed by a source close to the deal, an Iskenderun producer bought a cargo ex-St. Petersburg from a trading house, containing 25,000 mt of 80:20 and 2,500 mt of bonus for a $294/mt average.
The material was said to have been high quality, and the sale was made well below market level according to a source.
Several cargoes were rumored to be bought by a Marmara EAF-based producer. One was from a premium US exporter, carrying a price tag of $298/mt for 13,000 mt of 80:20 and $303/mt for 27,000 mt of shred.
Sources said the cargo was also from last week, but several different prices were heard, calling it's authenticity into question.
The same mill was also heard to have bought from another US exporter, though no price levels were heard. Both these sales were challenged by an Asian exporter, who said neither US exporter had sold a cargo.
A third cargo was also talked to the same buyer and denied by a source close to the purported trade.
A Baltic exporter was heard to book at $298/mt for 27,000 mt of 80:20, $302/mt for 3,000 mt of shredded and $307/mt for 5,000 mt of bonus.
The 80:20 price was also heard at $296/mt from a European trader.
