DAILY STEEL SCRAP: Mills stay out of deep-sea market on continuing weak demand for long steel

The Turkish steel producers ended the working week on Friday August 14 with no deep-sea scrap purchases, having focused on finished long steel sales instead, sources told Fastmarkets.

Turkish steel mills paused their deep-sea scrap bookings at the end of the last week, when the price for HMS 1&2 (80:20) reached to $285 per tonne cfr for US and Baltic Sea material.

Market participants said  there were scrap cargoes available for the end of September or for October shipments, but mills were showing no...


Cem Turken

August 14, 2020

16:38 GMT