DAILY STEEL SCRAP: Turkish mills pay more for scrap amid strong demand for steel

Turkish steel mills resumed their deep-sea scrap purchases despite higher prices, due to growing demand for finished steel and increased competition for scrap, sources told Fastmarkets on Wednesday November 25.

A steel mill in the Iskenderun region booked a European cargo, comprising 15,000 tonnes of HMS 1&2 (75:25), 10,000 tonnes of shredded and 5,000 tonnes of bonus at an average price of $341 per tonne cfr.
And a steel mill in the Marmara region booked another European cargo, comprising 22,500 tonnes of HMS 1&2 (75:25) and 7,500 tonnes of bonus at an average price of $335 per tonne cfr.

As a result of these fresh transactions, the daily scrap indices pushed up further on...

Published

Cem Turken

November 25, 2020

16:50 GMT

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