DAILY SCRAP REPORT: Mills go silent in deep-sea markets amid virus outbreak

The Turkish steel mills have gone quiet in the deep-sea scrap markets after the recent sharp fall in prices, with more mills shutting down their operations due to the Covid-19 pandemic, sources said on Tuesday March 31.

Two steel mills booked Baltic Sea cargoes late last week at around $206-207 per tonne cfr for HMS 1&2 (80:20), which sent the daily scrap indices down by $23.42 per tonne at the beginning of the week.

But overall demand for deep-sea scrap was still limited, with only a few steel mills showing interest, according to some...


Cem Turken

March 31, 2020

16:04 GMT