Steel mills in Turkey continued to stay out of the deep-sea scrap markets because of limited trading activity in the finished long steel and billet markets, sources said on Thursday August 1.
Despite offers for Baltic Sea- and US-origin HMS 1&2 (80:20) at around $290-295 per tonne cfr levels, mills have been unwilling to pay those prices before selling some of their own products. "There are Baltic Sea offers at $295 per tonne cfr but mills...