DAILY SCRAP REPORT: Mills quiet, prices stable amid political uncertainty

Turkish steel producers continued to stay away from the deep-sea scrap markets due to domestic political instability and weak demand for finished steel, sources said on Wednesday April 3.

The lowest offer for HMS 1&2 (80:20) was heard at $315 per tonne cfr from a Baltic Sea supplier but the mills did not want to pay any higher than $305 per tonne, Fastmarkets was told. The mills were also waiting for clarity about the results of the countrywide mayoral elections, which were held on March 31. The main opposition Republican People’s Party (CHP) has claimed victories...

Published

Cem Turken

April 03, 2019

17:15 GMT

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