DAILY SCRAP REPORT: Turkish mills book more scrap for May, prices fall

Turkish steel producers have booked more deep-sea scrap for May deliveries, but prices fell amid weak finished steel markets, sources said on Wednesday April 18.

One steel producer booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $355 per tonne and 15,000 tonnes of shredded at $360 per tonne cfr, late on Tuesday April 17. The cargo was scheduled to be shipped in the second half of May. This was the first US cargo sold into Turkey since mid-February. Following the news of the US deal, Baltic Sea scrap prices were expected...


Cem Turken

April 18, 2018

16:00 GMT