DAILY STEEL SCRAP: Mills stay away from deep-sea bookings, prices may edge down

Turkish steel mills skipped the first working day of the week, with no deep-sea bookings completed amid signs of a downward correction in the market, sources said on Monday September 28.

There were talks of a cargo from the United States being sold to a steel mill in the Iskenderun region at $293 per tonne cfr for HMS 1&2 (80:20), $298 per tonne for shredded and $303 per tonne for bonus.

Although several market participants reported the deal, the buying steel mill did not confirm the transaction when contacted by...

Published

Cem Turken

September 28, 2020

15:00 GMT

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