DAILY SCRAP REPORT: Oversupply drives prices further down

June 15, 2019 / www.metalbulletin.com / Article Link

Turkish deep-sea scrap import prices continued to fall at the end of the week amid growing supplies, sources said on Friday June 14.

Steel mills in Turkey booked a number of deep-sea cargoes of HMS 1&2 (80:20) earlier in the week at around $292-293 per tonne cfr. On Friday, however, a steel mill in the Izmir region booked a Baltic Sea cargo out of Russia, comprising HMS 1&2 (80:20) at $285.50 per tonne and bonus at $295.50 per tonne cfr.The tonnages and split of the cargo were unconfirmed at the time of publication, but news of the fresh transaction sent the daily indices further down.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) was down by $5.76 per tonne from Thursday at $283.65 per tonne cfr - a...

Recent News

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com

West Africa-focussed Robex and PDI to merge

October 13, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market gains

October 06, 2025 / www.canadianminingreport.com

Most major producers rise but TSXV gold mixed

October 06, 2025 / www.canadianminingreport.com

Platinum, palladium, copper gain on green China, supply constraints

September 29, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok