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...


Cem Turken

September 28, 2020

15:00 GMT