DAILY STEEL SCRAP: Market remains quiet after public holiday

Turkish steel mills finished the week to Friday October 30 with no further purchases heard following a public holiday in the country on the Thursday, market sources have said.

In addition to the public holiday on October 29, attention in the country was drawn to a powerful earthquake which struck the Izmir region, resulting in a number of deaths and injuries as well as causing damage to buildings.
As a result of the quiet market, Fastmarkets’ daily scrap indices were static on Friday.
The daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was $284.93 per tonne on October 30, unchanged since Wednesday.

The daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $293.33...

Published

Carrie Bone

October 30, 2020

17:32 GMT

London