DAILY STEEL SCRAP: Turkish bookings exceed 220,000 tonnes this week, prices firm

Turkish steel producers have continued to book deep-sea scrap cargoes scheduled for September shipments, at firm prices, sources said on Friday August 7.

A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 16,500 tonnes of HMS 1&2 (80:20) at $285 per tonne, 5,000 tonnes of shredded at $290 per tonne and 1,500 tonnes of bonus at $295 per tonne cfr.
This compared with the previous Baltic Sea cargo sold on Thursday at $283 per tonne cfr for HMS 1&2 (80:20).
As a result, the daily scrap indices remained strong at the end of the week.

Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe...


Cem Turken

August 07, 2020

15:42 GMT