DAILY SCRAP REPORT: Mills hold back from deep-sea bookings

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

Turkish steel mills remained out of the deep-sea scrap markets at the start of the week, but expect to resume purchases soon, market sources said on Monday March 9.

There have been no new bookings so far in March. The last cargo was sold on February 24, which put the price of Baltic Sea- and United States-origin HMS 1&2 (80:20) at around $280 per tonne cfr.

Suppliers, especially those in the US, held their offers at $280 per tonne cfr for HMS 1&2 (80:20), while some Baltic Sea suppliers...

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