DAILY STEEL SCRAP: Prices down almost $10 per tonne in latest US deal

Turkish steel producers resumed their deep-sea scrap bookings when buying a US-origin cargo at a lower price than in other recent deals, market participants told Fastmarkets on Wednesday May 26.

A Turkish steelmaker booked the US cargo, consisting of 44,000 tonnes of HMS 1&2 (95:5) at $515 per tonne cfr.
The most recent deep-sea transactions were done at the end of last week.
A steel mill in the Iskenderun region booked a mixed cargo from Europe at an average price of $516 per tonne cfr. The equivalent price of the cargo for HMS 1&2 (80:20) was calculated at $510.00-510.50 per tonne cfr.

Another steel mill in the same region booked...


Cem Turken

May 26, 2021

15:48 GMT