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DAILY SCRAP REPORT: Index holds steady on weak Turkish demand

January 21, 2014 - 16:50 GMT Location: Bursa

KEYWORDS: scrap prices , Turkey , HMS 1&2 , Baltic Sea , shredded , bonus , busheling , CIS

Metal Bulletin’s daily index for HMS 1&2 (80:20) scrap delivered to Turkey remained flat on Tuesday January 21.

Mills were staying away from the scrap markets on weakness of the Turkish lira and sluggish demand in the country’s export and domestic markets. The index closed at $391.52 per tonne cfr on Tuesday, unchanged day-on-day. The market was affected badly by the weak lira, according to market sources. One lira was worth $0.4465 on January...

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