DAILY SCRAP REPORT: Turkish mills stay out of deep-sea scrap market at end of week

Turkish steel producers remained out of the deep-sea scrap import market at the end of the week to avoid a further increase in prices, while escalated tension in Syria hit trade in the country, sources said on Friday February 28.

After a buying spree over the past three weeks, mills stepped back from deep-sea scrap purchases at the beginning of this week.

The most recent cargo was sold on Monday February 24. A steel mill in northern Turkey booked a Baltic Sea cargo comprising 16,000 tonnes of HMS 1&2 (80:20), 12,500 tonnes of shredded, 2,500 tonnes of...

Published

Cem Turken

February 28, 2020

16:47 GMT

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