DAILY SCRAP REPORT: UK cargo ends silence in Turkish import market

Turkish steel producers broke their silence in the deep-sea scrap markets with the purchase of a UK cargo on Tuesday May 15.

A steel mill in the Marmara region booked the cargo, comprising 44,000 tonnes of HMS 1&2 (80:20) at $345 per tonne and 22,000 tonnes of shredded at $366 per tonne cfr. Shredded scrap usually trades at a $5 per tonne premium over HMS 1&2 (80:20), but the supplier said that the unusual price difference between the two materials was because of tight supply and strong demand for shredded scrap. Another Turkish source explained that the gap was also because...

Published

Cem Turken

May 15, 2018

16:38 GMT

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