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DAILY SCRAP REPORT: Index weakens as Turkish mills hold off from market

April 16, 2014 - 15:20 GMT Location: Bursa

KEYWORDS: scrap prices , Turkey , HMS 1&2 , shredded , bonus , P&S

Metal Bulletin’s daily index for HMS 1&2 (80:20) scrap material delivered to Turkey has fallen on weak demand in the country.

The index closed at $371.00 per tonne cfr on Wednesday April 16, down by $2.55 per tonne day-on-day. Mills in the country went silent after completing a large number of bookings at the beginning of the month. Only one European scrap cargo has been heard sold so far this week. A steel producer in Izmir booked a European cargo of 35,000 tonnes...

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