DAILY STEEL SCRAP: Prices move higher on new bookings

Turkish steel mills returned to the deep-sea scrap market after three days of silence to book three new cargoes at higher prices, sources told Fastmarkets on Thursday November 19.

Two European cargoes and one from the Baltic Sea were traded after three days of market inactivity from the mills.

One European origin cargo was booked by a steel mill in the Iskenderun region and comprised 15,000 tonnes of HMS 1&2 (75:25), 12,000 tonnes of shredded, 12,000 tonnes of bonus and 4,000 tonnes of new cuttings at an average price of $333...


Carrie Bone

November 19, 2020

17:03 GMT