DAILY STEEL SCRAP: Fresh US deal pushes prices down once again

Turkish deep-sea scrap import prices have gone down once again in the latest trade heard for a US-origin cargo, sources said on Tuesday January 19.

A steel mill in the Marmara region booked a US cargo, comprising 6,500 tonnes of HMS 1&2 (80:20) at $450 per tonne, 22,000 tonnes of shredded and 1,500 tonnes of bonus at $460 per tonne cfr. The deal was agreed on January 16, with the cargo scheduled to be shipped in late February or early March.

This compared with the previous deep-sea cargo sold from the Baltic Sea region on January 15, at $460...


Cem Turken

January 19, 2021

16:58 GMT