DAILY STEEL SCRAP: Mills continue their May bookings; prices down $5/tonne

Turkish steel producers continued to book deep-sea scrap cargoes for May shipment on Friday April 9, market sources said.

A steel mill in the Iskenderun region booked a Canadian cargo comprising 35,000 tonnes of HMS 1&2 (95:5) and 15,000 tonnes of shredded at an average price of $436 per tonne cfr.
This compares with a United States cargo sold a day earlier at $438 per tonne cfr on shredded basis.
As a result of this fresh transaction, the daily scrap indices moved lower on Friday.

Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was $423.29 per...

Published

Cem Turken

April 09, 2021

15:18 GMT

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