DAILY SCRAP REPORT: Market stays quiet on Covid-19 effects

The Turkish deep-sea scrap import markets have been silent since a sharp rebound earlier in the week, with supply tight due to the effects on work patterns of the Covid-19 pandemic, sources said on Thursday April 9.

Scrap import prices have gone up strongly amid reduced availability of material in the deep-sea markets, caused by the closing of scrapyards especially in the UK and United States in attempts to control the pandemic, and the subsequent decreased collection volumes.
The most recent deep-sea transaction from the US put the price of HMS 1&2 (80:20) around $243 per tonne cfr, which caused the daily scrap indices to jump on April 7.

But suppliers were...

Published

Cem Turken

April 09, 2020

16:10 GMT

Mugla