DAILY SCRAP REPORT: Steel mills remain quiet while prices firm

The Turkish deep-sea scrap market remained quiet on Thursday January 24, with steel mills unwilling to pay high prices while finished steel demand is weak, local market sources told Fastmarkets MB.

Offer prices for HMS 1&2 (80:20) have already increased to more than $290-295 per tonne cfr from suppliers, who cite increasing collection costs for the rise. Two cargoes were sold to a steel mill in the Marmara region at $292-295 per tonne cfr for HMS 1&2 (80:20), according to speculation,...


Cem Turken

January 24, 2019

17:35 GMT