DAILY SCRAP REPORT: Mills remain silent in deep-sea market on weak rebar demand, tight scrap supply

Turkish steel mills continued to hold back from deep-sea scrap purchases on Monday January 13, due to weak rebar markets and firm scrap prices, sources told Fastmarkets.

Steelmakers in the country booked only one deep-sea cargo last week, when a steel mill in the Marmara region booked a European cargo, comprising 15,000 tonnes of HMS 1&2 (75:25), 10,000 tonnes of shredded and 15,000 tonnes of bonus at an average price of $300 per tonne cfr, late...

Published

Cem Turken

January 13, 2020

16:24 GMT

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