DAILY SCRAP REPORT: Mills continue to stay away from deep-sea bookings, prices steady

Turkish steel producers continued to stay away from the deep-sea scrap import markets amid weak finished steel demand and lower steel output because of the Covid-19 pandemic, sources said on Wednesday April 22.

Having booked at least seven deep-sea cargoes last week, totaling almost 220,000 tonnes, market participants believe the mills have enough scrap for now. “I can say there is no trading activity this week. It is only a three-day week because of the holidays and will be followed by the Ramadan month. Several...

Published

Cem Turken

April 22, 2020

15:05 GMT

Mugla