DAILY SCRAP REPORT: Mills turn silent as market hits 'deadlock'

The Turkish steel mills returned to silence in the deep-sea scrap markets on Tuesday February 12 after a strong buying spree over the past two weeks.

Market participants believed that scrap prices were still becoming firmer, in line with the global price trend in raw materials and tightening supplies of scrap. “The offers for HMS 1&2 (80:20) are going up to $335 per tonne cfr Turkey from suppliers in the United States,” a Turkish mill source said. “However, the mills...

Published

Cem Turken

February 12, 2019

16:30 GMT

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