DAILY SCRAP REPORT: Mills end the week in silence

Turkish steel mills ended the week in silence on Friday April 12, booking no new deep-sea cargoes, while market participants awaited fresh bookings to get an idea of the market direction, sources told Fastmarkets.

No new deep sea-cargoes came to light on Friday, but negotiations continue between mills and traders, with many expecting prices to continue moving downward into next week. Some traders reported that mills were wanting US-origin HMS 1&2 (80:20) at $300 per tonne cfr, this would...


Carrie Bone

April 12, 2019

16:47 GMT