DAILY STEEL SCRAP: Turkish steelmakers pushing for higher steel prices before resuming scrap purchases

Turkish steel mills stayed out of the deep-sea scrap markets again on Tuesday March 2, focusing instead on raising steel prices following the latest surge in scrap values, market sources told Fastmarkets.

The latest transaction was recorded late on Friday February 26, when a steel mill in the Marmara region paid $456 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20).
The transaction raised the daily scrap index for US-origin material by $3.33 per tonne on Monday March 1.

Fastmarkets’ daily index for...


Cem Turken

March 02, 2021

16:03 GMT