Turkish steel producers have entered a third week with no deep-sea trading, while offers and bids in the market kept the daily scrap indices largely flat, sources said on Monday March 26.
Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $368.10 per tonne cfr, up by only $0.41 per tonne day-on-day.The daily index for similar US-origin scrap closed at $378.08 per tonne cfr, up by only $0.37 per tonne day-on-day.This put the premium for US material over Northern European scrap at $9.98...