DAILY SCRAP REPORT: Market stays quiet on Covid-19 effects

April 10, 2020 / www.metalbulletin.com / Article Link

The Turkish deep-sea scrap import markets have been silent since a sharp rebound earlier in the week, with supply tight due to the effects on work patterns of the Covid-19 pandemic, sources said on Thursday April 9.

Scrap import prices have gone up strongly amid reduced availability of material in the deep-sea markets, caused by the closing of scrapyards especially in the UK and United States in attempts to control the pandemic, and the subsequent decreased collection volumes.
The most recent deep-sea transaction from the US put the price of HMS 1&2 (80:20) around $243 per tonne cfr, which caused the daily scrap indices to jump on April 7.

But suppliers were...

Recent News

Bank of Japan boosts rates, continuing an unwinding carry trade

December 22, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market slide

December 22, 2025 / www.canadianminingreport.com

Silver inventories rebound in UK, output from major producers rises

December 15, 2025 / www.canadianminingreport.com

Silver's three-month outperformance continues

December 15, 2025 / www.canadianminingreport.com

Silver & Copper Supply Distortions Continue

December 08, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok