DAILY STEEL SCRAP: Turkish mills book nearly 250,000 tonnes of deep-sea scrap in a week

Turkish steel mills stayed out of the deep-sea scrap market on Friday July 24, but still ended the week having booked around 248,000 tonnes of scrap, sources told Fastmarkets.

Despite the quiet Friday, news emerged of a US cargo booked on Wednesday July 22, with a steel mill in the Iskenderun region making the booking at $269.50 per tonne cfr for HMS 1&2 (80:20). The cargo composition was not clear, but the traditional cargo size from this origin is 40,000 tonnes.
The addition of this cargo brings the total number of Turkish deep-sea bookings to eight for the week.

A steel mill in the Iskenderun region booked a...


Cem Turken

July 24, 2020

17:27 GMT