Cairo (Platts)--22Feb2013/1152 am EST/1652 GMT

Turkish scrap import prices continued to firm Friday, with mills booking further cargoes after the mid-week tender from the US, which saw prices jump $10/mt, sources told Platts.

Late Friday, it came to light that a cargo of heavy melting scrap I/II (80/20), shred and plate and structural traded at $402-407-412/mt CFR Aliaga late Thursday. Accordingly, Platts daily assessment increased $1/mt to $402/mt CFR Turkish ports Friday.

A 35,000 mt cargo of heavy melting scrap I/II (90/10 blend) and bonus, which came to light just after the mid-week tender was booked at $405/mt CFR Aliaga, showed largely stable prices on the previous sale, while a $400/mt CFR Marmara booking for HMS I/II (80/20 blend) from the US East Coast to a major electric arc furnace showed further stabilization.

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Meanwhile, a cargo from the UK was also booked by a Turkish EAF at $394/mt CFR Aliaga for HMS I/II (80/20 blend), which typically trades at a slight discount to US-origin material.

UK sellers have been aided this week by the extremely weak pound sterling against the US dollar, facilitating several deals into Turkey.

--Ciaran Roe, ciaran_roe@platts.com --Edited by Katharine Fraser, katharine_fraser@platts.com

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