DAILY SCRAP REPORT: Fall in demand sends prices down

Turkish deep-sea scrap import prices fell on Friday May 15, with a steel mill managing to book a European cargo at a lower price than shipments earlier in the week, sources told Fastmarkets. 15.

A steel mill in the Marmara region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $238 per tonne, 6,000 tonnes of shredded at $243 per tonne and 6,000 tonnes of bonus at $248 per tonne cfr. In response to this fresh transaction, Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, fell to $238.24 per tonne on Friday May 15, down by $8.13 per tonne. And the daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was...

Published

Cem Turken

May 15, 2020

17:10 GMT

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