DAILY STEEL SCRAP: Prices up again in latest trade

Turkish steel mills completed the week with the purchase of an additional deep-sea scrap market cargo at higher prices, sources told Fastmarkets on Friday November 20.

The mills stepped back into the market on the final day of the week to purchase a UK cargo comprising 35,000 tonnes of shredded at $340 per tonne, booked by a steel mill in the Iskenderun region.
This compared with the most recent UK shredded cargo booked at $313 per tonne on November 16.
As a result of the new transaction, the daily indices moved up again on Friday.

Fastmarkets’ daily index for steel...


Carrie Bone

November 20, 2020

17:22 GMT