DAILY STEEL SCRAP: Mills continue to snub deep-sea market

Turkish steel producers continued to stay away from the deep-sea scrap market on the second working day of the week, in anticipation of a downturn in prices, sources told Fastmarkets on Tuesday September 29.

A steel mill in northern Turkey broke the long-term silence by booking two Baltic Sea cargoes at $296 per tonne cfr late last week - the first trading activity since September 9.

However, these transactions did not lead to much of a fall in prices so Turkish...


Cem Turken

September 29, 2020

16:05 GMT