DAILY SCRAP REPORT: Turkish mills pay more to keep production running

Turkish steel producers have accepted higher prices for scrap imports so that they can replenish their stocks and avoid halting production, although the finished steel market was still sluggish, sources said on Monday January 21.

A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $287 per tonne, 7,000 tonnes of shredded at $292 per tonne and 5,000 tonnes of bonus at $297 per tonne cfr. This cargo sent the daily indices sharply upward on...

Published

Cem Turken

January 21, 2019

16:33 GMT

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