DAILY SCRAP REPORT: Market quiet again after earlier sharp decline

The Turkish deep-sea scrap import market was quiet on Thursday March 19, despite a sharp decrease in prices the day before, sources have told Fastmarkets.

On 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 to be around $254 per tonne cfr, which would put the HMS 1&2 (80:20) price at $249 per tonne.


Cem Turken

March 19, 2020

16:42 GMT