The Turkish steel producers have remained quiet in the deep-sea scrap markets, expecting lower prices, after recently booking a number of cargoes for early-September deliveries, sources said on Thursday August 29.
Most recent bookings involved US and UK cargoes sold at $270 per tonne cfr for HMS 1&2 (80:20), dragging the daily indices down by almost $12 per tonne on August 27.But the mills have lowered their price expectations because of the firm supply, especially in the Baltic Sea region, sources...