DAILY SCRAP REPORT: Mills accept higher material prices despite poor product values

The Turkish steel mills have broken their recent silence in the deep-sea scrap markets and have accepted higher prices, sources said on Thursday July 18.

Despite the falling prices for finished and semi-finished long steel, the Turkish mills agreed to pay higher prices for scrap because of their requirements for August-shipment cargoes. A steel mill in the Marmara region booked a Baltic Sea cargo late on July 17, comprising 5,000 tonnes of HMS 1&2 (80:20) at $294 per tonne, 25,000 tonnes of shredded at $299 per tonne and 4,000 tonnes of bonus at $304 per tonne cfr. This compared...

Published

Cem Turken

July 18, 2019

16:55 GMT

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