DAILY SCRAP REPORT: Prices stabilise while market awaits next bookings

Turkish steel mills continued to stay away from the deep-sea scrap market on Thursday October 31, with market participants contemplating a possible change in direction in the coming weeks, sources told Fastmarkets.

With no new cargoes booked market participants were uncertain of whether the next bookings would be at similar or even higher prices. One market participant said that demand for scrap was good and said he expects to hear of further US deals soon. Another, meanwhile, said there was no way of...


Carrie Bone

October 31, 2019

17:23 GMT