DAILY SCRAP REPORT: Suppliers seek higher prices amid tightening supply

The Turkish steel producers have continued to stay away from the deep-sea scrap market, while suppliers were raising their offer prices because of tightening supplies, sources said on Thursday April 2.

The most recent deep-sea deals had put prices at $206-207 per tonne cfr for HMS 1&2 (80:20) and mills’ expectations since then have been around $200-205 per tonne for similar material.

But suppliers were recently heard offering at prices of $225 per tonne cfr and higher because of the tightness of supply...

Published

Cem Turken

April 02, 2020

16:35 GMT

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