DAILY SCRAP REPORT: Market silent, digesting latest downturn

Turkish deep-sea scrap markets went quiet on Wednesday February 5 after cargoes from the United States and the Baltic Sea sent prices down by about $10 per tonne, sources told Fastmarkets.

News of two fresh cargoes on Tuesday February 4, caused a $10.38-10.54 per tonne drop in Fastmarkets' daily scrap indices.
The drop in prices was expected by market participants because of weak rebar and billet sales in Turkey and the impact of the Wuhan coronavirus outbreak on global markets, sources said.

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