DAILY SCRAP REPORT: Mills struggle with weak finished steel demand

Turkish steel producers made no new deep-sea bookings on Tuesday November 19, as they paused to digest the latest upturn in prices, market sources said.

A European cargo sent the daily scrap indices up by almost $5 per tonne at the start of the week, but mills were still worried about the limited demand for long steel products.

A steel mill in the Iskenderun region booked the European cargo, which comprised 20,000 tonnes of HMS 1&2...


Cem Turken

November 19, 2019

16:47 GMT