DAILY SCRAP REPORT: Prices crash for second time in a week

Production cuts, closures and weak steel trade resulting from the global spread of the novel coronavirus (2019-nCoV) sent Turkish scrap import prices sharply down again on Tuesday March 24.

News of a trade from March 19 emerged today, when a steel mill in the Iskenderun region booked a UK cargo of 15,000 tonnes of HMS 1&2 (80:20) at $226 per tonne cfr.

That was substantially lower than a deal involving a Canadian cargo on March 18, comprising 18,000 tonnes of HMS 1&2 (90:10), 20,000 tonnes of shredded and 12,000 tonnes of...


Cem Turken

March 24, 2020

18:10 GMT