DAILY SCRAP REPORT: US offers remain firm but buyers push for lower prices

The Turkish deep-sea scrap market was quiet on Tuesday October 9, with suppliers holding their offer prices steady, according to market participants.

There were rumors of a European cargo being sold at $321 per tonne cfr for HMS 1&2 (80:20) and bonus at $331 or $336 per tonne. But market particpants believed that this deal had been done last week although it has only now been heard in the market.

Suppliers, especially in the United States, were keeping their offers firm because of bullish sentiment in the US and Southeast...


Cem Turken

October 09, 2018

16:09 GMT