DAILY STEEL SCRAP: Prices increase after fresh cargo from US

Turkish steel producers resumed their deep-sea scrap purchases, accepting higher prices due to support from growing steel demand, market sources told Fastmarkets on Thursday February 18.

A steel mill in the Marmara region booked a US cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $418 per tonne cfr late on Wednesday February 17.
The previous US cargo sold at $410 per tonne cfr for the same material late last week.

As a result of the fresh US transaction, the daily scrap indices went up on Thursday February...

Published

Cem Turken

February 18, 2021

16:29 GMT

Mugla