DAILY SCRAP REPORT: Prices expected to fall if mills skip February bookings

Turkish steel producers continued to stay away from the deep-sea scrap market, while simultaneously trying to secure short-sea material for their urgent needs, sources said on Wednesday January 22.

Mills have been quiet in the deep-sea markets since the middle of last week when the prices fell sharply. 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 on January 15. This would have put the HMS 1&2 (80:20) price at $288 per...

Published

Cem Turken

January 22, 2020

16:26 GMT

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