DAILY SCRAP REPORT: Suppliers resist mills' pressure for lower prices

The Turkish steel producers went quiet in the deep-sea scrap markets at the beginning of the current week, digesting the latest cargo transacted from the United States, sources said on Monday September 16.

A steel mill in the Izmir region booked a US cargo at the end of last week, comprising 15,000 tonnes of HMS 1&2 (80:20) at $240 per tonne, 15,000 tonnes of shredded at $245 per tonne and 2,000 tonnes of bonus at $250 per tonne cfr. “It seems the price of HMS 1&2 (80:20) has...


Cem Turken

September 16, 2019

17:42 GMT