DAILY STEEL SCRAP: Absence of interest in deep-sea market pushes prices down

Turkish steel mills continued to stay away from the deep-sea scrap market on Wednesday September 23, further increasing downward pressure on prices, sources told Fastmarkets.

The country’s steelmakers have been absent from the deep-sea scrap market since September 9, when bookings were made at $301 per tonne cfr for HMS 1&2 (80:20). Some suppliers tried to increase their offers to $305-310 per tonne cfr, but Turkish steel mills are unwilling to accept that price...


Cem Turken

September 23, 2020

16:30 GMT