DAILY SCRAP REPORT: Weak demand for billet, rebar keeps mills away from deep sea market

Turkish steel producers ended the week with only one deep-sea transaction amid weak long steel and billet markets, sources said on Friday July 12.

Since a steel mill in the Iskenderun region booked a UK cargo at $288 per tonne cfr for HMS 1&2 (80:20) on July 9, steelmakers have stayed away from the deep-sea scrap market. The reason behind the weak demand for deep-sea scrap was the slow long steel and billet markets, sources said. “Mills...

Published

Cem Turken

July 12, 2019

16:41 GMT

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