DAILY SCRAP REPORT: Prices fall in new deals with no recovery in sight

The Turkish steel mills have returned to the deep-sea scrap markets following a downturn in prices, sources said on Monday August 6.

Three steel producers booked four deep-sea cargoes from various sources late on August 3, totaling 135,000 tonnes. A steel mill in the Marmara region booked a US cargo, comprising 35,000 tonnes of HMS 1&2 (80:20) at $328 per tonne cfr. A steel producer in the Izmir region booked a UK cargo, comprising 30,000 tonnes of HMS 1&2 (80:20) at $324 per tonne and 10,000 tonnes of shredded at $334 per tonne cfr. Another steel mill in the same region booked a European cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $322 per tonne and 5,000 tonnes of bonus at $333 per tonne cfr. The same mill booked a second deep-sea cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $322 per tonne and 10,000 tonnes of bonus at $332 per...

Published

Cem Turken

August 06, 2018

16:20 GMT

Mugla