DAILY SCRAP REPORT: Fresh European cargo causes price collapse

December 06, 2018 / www.metalbulletin.com / Article Link

Turkish steel producers resumed their deep-sea scrap bookings as soon as they received lower prices from a European supplier, sources said on Wednesday December 5.

Mills in Turkey were looking for prices at around $300-305 per tonne cfr for HMS 1&2 (80:20) while the offers for the material were firm at $310-320 per tonne cfr from suppliers in the United States and the Baltic Sea.But a steel mill in the Marmara region booked on...

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