DAILY SCRAP REPORT: Mills may cut production unless deep-sea bookings restart

The Turkish deep-sea scrap import markets have remained quiet since yesterday, with both sellers and buyers holding back from the markets, sources said on Tuesday January 28.

The mills in Turkey have booked only two deep-sea cargoes in the past two weeks because of the sluggish rebar and billet markets in the country.

Late on January 22, 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, which sent the daily scrap...


Cem Turken

January 28, 2020

16:25 GMT