DAILY SCRAP REPORT: Prices fall sharply in latest US sale

Turkish deep-sea scrap import prices have tumbled with news of a fresh sale heard after negative signs emerged in the United States’ export markets, sources said on Thursday January 16.

A steel mill in the Izmir region booked a US cargo of 35,000 tonnes of HMS 1&2 (95:5) at $295 per tonne cfr, which would put the HMS 1&2 (80:20) price at $288 per tonne.

The previous US cargo sold into Turkey was booked on January 3 at $306 per tonne cfr for shredded scrap, which would put the...

Published

Cem Turken

January 16, 2020

17:07 GMT

Mugla