DAILY SCRAP REPORT: Seaborne market quiet, suppliers resist lower prices

Turkish steel mills continued to stay away from the deep-sea scrap market on the second working day of the week amid limited demand for finished long steel, sources told Fastmarkets on Tuesday September 17.

The latest transaction was a cargo from the United States at the end of last week, which was sold at $240 per tonne cfr for HMS 1&2 (80:20), $245 per tonne for shredded and $250 per tonne for bonus grade scrap. Since then, suppliers have stood firm at $240 per tonne...

Published

Cem Turken

September 17, 2019

16:54 GMT

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