DAILY STEEL SCRAP: Mills focus on long steel markets, defer scrap purchases

Steel producers in Turkey continued to stay away from the deep-sea scrap market and maintained their focus on the finished long steel markets, sources said on Wednesday August 12.

Turkish steelmakers have booked a number of cargoes in recent weeks, with the latest transactions for HMS 1&2 (80:20) from the US and Baltic Sea done at $285 per tonne cfr.

But the mills went quiet in the deep-sea markets at the beginning of...


Cem Turken

August 12, 2020

16:00 GMT