DAILY SCRAP REPORT: Sentiment turns negative on poor finished steel demand

Turkish steel mills remained quiet in the deep-sea scrap import market on Thursday January 2, with most suppliers staying out of the market due to the year-end holidays, sources told Fastmarkets.

Turkey's deep-sea scrap import market has been silent since December 20, when a Baltic Sea cargo was booked at $303 per tonne cfr. Sentiment, however, has now turned negative because mills have failed to sell their finished long steel and semi-finished products at higher prices and resorted...


Cem Turken

January 02, 2020

16:05 GMT