DAILY STEEL SCRAP REPORT: Mills extend absence from deep-sea market in anticipation of lower prices

Turkish steel producers continued to stay away from the deep-sea scrap market at the end of the week in anticipation of a downturn in prices, sources told Fastmarkets on Friday June 19.

Steelmakers in the country have been quiet most of the week, having booked only two deep-sea cargoes on Monday, with most of the market participants believing that prices have reached a peak. On Monday June 15, a steel mill in the Izmir region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $265 per...

Published

Cem Turken

June 19, 2020

16:00 GMT

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