Steel scrap prices in the major global markets weakened following the decrease in Turkish import prices during the working week from Monday January 29 to Friday February 2.
Turkish steel mills have slowed down their deep-sea bookings over the past week to put downward pressure on prices, and booked only one deep-sea cargo before Thursday, when they booked three more cargoes at lower prices late in the day.Turkey importsTurkish steel mills resumed their deep-sea scrap purchases on February 1 after a short break for negotiations.A steel mill in the Marmara region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $345 per tonne cfr, 22,000 tonnes of shredded at $350 per tonne and 2,000 tonnes of plate and structural scrap (P&S) at $355 per tonne cfr.Another steel mill in the Izmir region booked a cargo from the same supplier with a similar breakdown and prices.A second steel mill in the same region booked a UK cargo, comprising 45,000 tonnes of HMS 1&2 (80:20) at $340 per tonne cfr.These deals compared with the previous US cargo...