DAILY SCRAP REPORT: Turkish mills succeed getting lower prices

The Turkish steel producers have broken their silence in the deep-sea scrap markets with the news of fresh cargo sold on Tuesday September 11.

Market participants were expecting mills to resist scrap purchasing so as to put downward pressure on prices, because demand for finished steel products was soft in the export markets. The fresh deep-sea deal indicated a $3 per tonne fall in prices compared with the previous transaction...


Cem Turken

September 11, 2018

16:17 GMT