DAILY SCRAP REPORT: Market remains silent, sentiment still negative

Turkish steel mills held back from deep-sea scrap bookings on Monday January 27, amid talk that they would cut production or resume bookings soon, sources said.

A steel mill in the Iskenderun region booked a UK cargo comprising 22,000 tonnes of HMS 1&2 (80:20) at $277 per tonne cfr late on January 22, which sent the daily scrap indices down by $6.45 per tonne.

This was only the second cargo booked in the past two weeks and overall demand for imported...


Cem Turken

January 27, 2020

16:00 GMT