DAILY SCRAP REPORT: Mills seek lower prices; sentiment remains poor

February 01, 2020 / www.metalbulletin.com / Article Link

Turkish deep-sea scrap import markets were quiet at the end of the week, with mills seeking lower prices, sources told Fastmarkets on Friday January 31.

The daily scrap indices went down by almost $10 per tonne on Wednesday, when a US cargo was heard sold at $275 per tonne cfr for HMS 1&2 (90:10).

This has been the only cargo sold so far this week, as mills push for even lower prices as they struggle with sluggish rebar and...

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