DAILY SCRAP REPORT: Weak rebar demand, falling prices keep mills away from deep-sea market

Turkish steel mills continued to stay away from the deep-sea scrap market on Wednesday July 17, because of the sluggish finished steel demand, sources told Fastmarkets.

After booking a UK cargo at $288 per tonne cfr for HMS 1&2 (80:20), the mills have stayed out of the market despite still needing to buy more cargoes for August deliveries. “The steel producers in Turkey need to buy scrap for August deliveries, but they cannot...

Published

Cem Turken

July 17, 2019

16:35 GMT

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