DAILY STEEL SCRAP: Mills extend their silence in deep-sea market amid weak steel demand

Turkish steelmakers continued to hold back from deep-sea scrap purchases amid weak finished long steel demand, especially in the domestic market, sources told Fastmarkets on Wednesday September 16.

Steel producers in the country booked seven deep-sea scrap cargoes, totalling around 230,000 tonnes, in the first half of last week before stepping away from the market on September 10. The price of HMS 1&2 (80:20) reached to $301...


Cem Turken

September 16, 2020

16:01 GMT