DAILY SCRAP REPORT: Suppliers seek higher prices to counter raised collection costs

The deep-sea scrap suppliers to Turkish steel mills were trying to increase their offer prices because collection costs were rising with the worsening winter conditions, sources said on Wednesday January 16.

But Turkish steel producers were still struggling with weak demand for their finished steel products in the country’s export and domestic markets. “The scrap suppliers in the United States have withdrawn their offers of $280 per tonne cfr for HMS 1&2 (80:20) and are expected to come back to the market with higher ones,”...


Cem Turken

January 16, 2019

16:10 GMT