DAILY SCRAP REPORT: Demand remains limited on weak rebar, billet markets

The Turkish steel mills ended the working week having purchased only one deep-sea cargo, because they were still struggling with sluggish rebar demand, sources said on Friday January 24.

A steel mill in the Iskenderun region had booked a UK cargo, comprising 22,000 tonnes of HMS 1&2 (80:20) at $277 per tonne cfr, late on January 22, which sent the daily scrap indices down by $6.45 per tonne on Thursday.
The demand for imported scrap was very weak due to the slow rebar and billet markets, Fastmarkets was told.

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