DAILY SCRAP REPORT: Fresh European cargo causes price collapse

Turkish steel producers resumed their deep-sea scrap bookings as soon as they received lower prices from a European supplier, sources said on Wednesday December 5.

Mills in Turkey were looking for prices at around $300-305 per tonne cfr for HMS 1&2 (80:20) while the offers for the material were firm at $310-320 per tonne cfr from suppliers in the United States and the Baltic Sea. But a steel mill in the Marmara region booked on...


Cem Turken

December 05, 2018

16:57 GMT