DAILY SCRAP REPORT: Mills take break from bookings to digest price downturn

The Turkish steel mills stayed out of the deep-sea scrap market on Monday February 25 and made no bookings, preferring to remain in wait-and-see mode after the recent sharp decrease in the prices, Fastmarkets heard.

Following the news of a Baltic Sea cargo sold on February 22 at $307 per tonne cfr for HMS 1&2 (80:20) and $317 per tonne for bonus, prices went down by around $10 per tonne at the end of last week. Prices have fallen by a cumulative total...


Cem Turken

February 25, 2019

16:12 GMT