The Turkish steel mills extended their silence in the deep-sea scrap markets at the end of this week, wth no bookings made because they expected to achieve lower prices, sources said on Friday May 3.
The most recent deep-sea transaction activity was heard on April 30, and sent prices down by more than $4 per tonne on the day.A steel mill in the Marmara region booked a US cargo, comprising 22,000 tonnes of HMS 1&2 (90:10) at $306 per tonne, 13,000 tonnes of shredded at $309 per tonne and 5,000 tonnes of bonus at $314 per tonne cfr. The cargo was scheduled to...