DAILY SCRAP REPORT: Fresh deep-sea cargo brings huge fall in prices

Turkish steel producers resumed their deep-sea scrap bookings for April shipment cargoes with prices down sharply, sources said on Wednesday March 18.

A steel mill in the Marmara region booked a Canadian cargo, comprising 18,000 tonnes of HMS 1&2 (90:10), 20,000 tonnes of shredded and 12,000 tonnes of plate and structural (P&S) scrap at an average price of $255 per tonne cfr. Market sources calculated the shredded price of the cargo at $254 per tonne cfr, which would put the HMS 1&2 (80:20) price at $249 per tonne. Following...

Published

Cem Turken

March 18, 2020

17:31 GMT

Mugla