DAILY SCRAP REPORT: Bids scarce, below offers as mills hold back from market

Trading was quiet in the Turkish deep-sea scrap import markets, with most mills not showing any eagerness to buy material, and a few still bidding below the current offer prices, sources said on Wednesday August 21.

A number of steel mills were staying out of the scrap import markets because of the weak demand for finished long steel products and billet, so the pressure on scrap prices was increasing. Some scrap suppliers in the Baltic Sea region were heard offering HMS 1&2 (80:20) at $280-290 per tonne cfr this...

Published

Cem Turken

August 21, 2019

16:02 GMT

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