Turkish steel producers have resumed their deep-sea scrap purchases, trading two US shipments and a UK cargo in the past few days, sources said on Tuesday May 8.
The mills in the country were waiting until the International Rebar Producers & Exporters Association (Irepas) conference in Warsaw, which ends today, to see which direction the market moves, and decided to pay slightly higher prices for deep-sea scrap.A steel producer in the Iskenderun region booked a US cargo at the end of last week, comprising 18,000 tonnes of HMS 1&2 (80:20) at $353 per tonne, 10,000 tonnes of shredded at $359 per tonne and 2,000 tonnes of bonus at $364 per tonne cfr.Another steel mill in the Marmara region paid $3-4 per tonne...