DAILY SCRAP REPORT: Offer-bid gap keeps Turkish mills away

The Turkish steel mills have gone quiet in the deep-sea scrap markets once again, sources said on Wednesday May 16.

After the news of a UK cargo sold on May 15 at $345 per tonne for HMS 1&2 (80:20) and $366 per tonne for shredded, no more deep-sea transactions have been heard in the market. Baltic Sea scrap suppliers were heard offering HMS 1&2 (80:20) at $360 per tonne cfr, but were ready to sell at $355 per tonne, sources said. “Baltic Sea suppliers are coming to the mills...

Published

Cem Turken

May 16, 2018

16:32 GMT

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