DAILY SCRAP REPORT: Latest European cargo sends prices downward

News of a Europe-origin cargo of ferrous scrap booked at lower prices by a Turkish steel mill came to light on Monday August 12, only the second such cargo to be traded this month, sources have told Fastmarkets.

News of the cargo came to light late on Friday after the deadline for the indices on that day. A steel mill in the Iskenderun region booked a European cargo comprising 30,000 tonnes of HMS 1&2 (75:25), 5,000 tonnes of shredded and 5,000 tonnes of bonus at an average price of $279 per tonne. This...

Published

Carrie Bone

August 12, 2019

16:27 GMT

London