DAILY SCRAP REPORT: Prices jump upward as Turkish mills rejoin market

The Turkish steel producers have broken their silence in the deep-sea scrap markets with prices increasing sharply, sources said on Thursday May 23.

Four steel mills booked deep-sea cargoes from various sources late on Wednesday and on Thursday. A steel mill in the Marmara region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $310 per tonne and 5,000 tonnes of shredded at $315 per tonne cfr on May 22. A few sources believed that this cargo contained HMS 1&2 (90:10) instead of HMS 1&2 (80:20), however. After news was heard of that cargo, three more deals...


Cem Turken

May 23, 2019

16:47 GMT