DAILY STEEL SCRAP: Fresh deep-sea transaction brings prices over $500/tonne

Turkish steelmakers continued to pay higher prices for deep-sea ferrous scrap cargoes scheduled for shipment in December, market sources told Fastmarkets on Wednesday October 20.

A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 32,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap at $502 per tonne and 3,000 tonnes of bonus-grade scrap at $522 per tonne cfr.
Previous deep-sea transactions had been done at $486.00-489.50 per tonne cfr on an HMS 1&2 (80:20) basis at the end of the last week.

As a result, the...

Published

Cem Turken

October 20, 2021

15:52 GMT

Mugla, Turkey