DAILY STEEL SCRAP: Mills remain quiet in deep-sea markets

Steel producers in Turkey extended their absence from the deep-sea scrap markets again amid weak finished steel demand, sources said on Tuesday September 22.

The country’s steel mills have been holding back from the deep-sea trade since September 9, when the most recent cargoes were booked at prices around $301 per tonne cfr on an HMS 1&2 (80:20) basis.

Offer levels for similar material then rose to $305-310...


Cem Turken

September 22, 2020

15:50 GMT