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DAILY SCRAP REPORT: Index stable with more deals from late last week

July 15, 2014 - 14:46 GMT Location: Bursa

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

Metal Bulletin’s daily index for HMS 1&2 (80:20) scrap delivered to Turkey remained almost flat on Tuesday July 15 as steel mills in the country went quiet after a flurry of activity at the end of last week.

The index closed at $362.82 per tonne cfr on Tuesday, up by only $0.19 per tonne day-on-day. Mills were heard booking five more deep-sea cargoes on July 11, sources reported. A steel producer in the Marmara region booked a UK cargo comprising 35,000 tonnes of HMS 1&2 (80:20) at $370 per tonne cfr for prompt shipment. The same mill also booked a European cargo, comprising 25,000 tonnes of HMS 1&2 (75:25) and 8,000 tonnes of HMS 1, at an average price of $363 per tonne cfr. A steel producer in Iskenderun booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $372 per tonne,...

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