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DAILY SCRAP REPORT: Index crashes as Turkish mills secure cheaper cargoes

January 23, 2014 - 16:39 GMT Location: Bursa

KEYWORDS: scrap prices , HMS 1&2 , Baltic Sea , shredded , bonus , A3 , Turkey

Metal Bulletin’s daily index for HMS 1&2 (80:20) scrap delivered to Turkey crashed on Thursday January 23, with Turkish steel mills managing to secure lower-priced Baltic Sea cargoes.

Overall demand in the country was still sluggish, however, according to market sources. The index closed at $377.28 per tonne cfr, down by $14.24 from $391.52 per tonne cfr on January 22. Two steel producers were heard booking Baltic Sea cargoes...

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