DAILY STEEL SCRAP: Turkish producers stay quiet in deep-sea market to focus on steel sales

The Turkish deep-sea scrap import market went quiet on the second working day of the week, with mills instead focusing on finished long steel and billet sales, sources told Fastmarkets on Tuesday November 24.

After a steel mill in the Marmara region booked a European cargo at an average price of $332.50 per tonne cfr for a mixture of HMS 1&2 (75:25), shredded and bonus on Monday, mills were mostly silent in the scrap import markets.

“The mills are now mostly focused on rebar and billet markets, as prices of those products keep improving...


Cem Turken

November 24, 2020

16:25 GMT