01
Oct
13:39
Turkish mills lower scrap demand following booking spree
Having bought many deep-sea cargoes in the last two weeks, Turkish mills are observed to have lowered their scrap demand this week. While there are some mills looking for short-sea cargoes, others seem to be quiet in the first half of the week.
In the latest deep-sea scrap bookings realized towards the end of last week, ex-Baltic HMS I/II 80:20 decreased to $222/tonne cfr Turkey and ex-EU dropped below $220/t cfr for the same grade. An ex-USA cargo consisting of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous