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DAILY SCRAP REPORT: Index flat on weak Turkish demand

January 24, 2014 - 17:04 GMT Location: Bursa

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

Metal Bulletin’s daily index for HMS 1&2 (80:20) scrap delivered to Turkey remained flat on Friday January 24.

Steel producers in the country were largely staying away from the market due to weak demand for their end-products and worries about the health of Turkey’s currency. The index closed at $377.28 per tonne cfr on Friday, unchanged day-on-day. The lira continued to weaken against the US dollar on Friday despite the...

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