DAILY SCRAP REPORT: Mills expect further dip in scrap prices

Turkish steel producers have continued to hold back from the deep-sea scrap markets, expecting prices to go even lower, sources said on Tuesday January 21.

Prices in the deep-sea scrap markets fell by around $15 per tonne late last week, after 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 late on January 15. This would have put the HMS 1&2 (80:20)...


Cem Turken

January 21, 2020

16:30 GMT