DAILY SCRAP REPORT: European cargo nudges prices upward

A booking of European scrap by a Turkish steel mill came to light and helped to push up prices on Wednesday October 30, sources told Fastmarkets, with many traders returning to work after a two-day public holiday in Turkey.

A steel producer in the Iskenderun region bought a European cargo on Friday comprising 22,500 tonnes of HMS 1&2 (80:20) at $248 per tonne and 2,500 tonnes of bonus for $258 per tonne for November shipment. This compares with the last reported European cargo, of 28,000 tonnes of...

Published

Carrie Bone

October 30, 2019

17:30 GMT

London