DAILY SCRAP REPORT: Prices rebound on reduced supply

Turkish deep-sea scrap import prices have started to rebound on tightening supply, although no transactions have been made, sources told Fastmarkets on Monday April 6.

Several sources reported a Baltic Sea offer at $240 per tonne cfr for HMS 1&2 (80:20), while mills’ bids were no higher than $220 per tonne.
The most recent deep-sea transactions were heard at the start of last week and put the HMS 1&2 (80:20) price at $206-207 per tonne cfr.

“The market is very tight at the moment. Scrap flow decreased sharply due to the coronavirus outbreak. We hear offer levels at $240-250 per tonne for HMS 1&2 (80:20), but mills want to pay...

Published

Cem Turken

April 06, 2020

15:50 GMT

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