DAILY SCRAP REPORT: Market quiet after sharp fall

The Turkish deep-sea scrap import market was quiet on Friday March 20, following a sharp decline in prices that came earlier in the week, sources told Fastmarkets.

On Wednesday, 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,...

Published

Cem Turken

March 20, 2020

17:14 GMT

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