DAILY SCRAP REPORT: Pressure on prices grows slightly amid sluggish Turkish demand

May 06, 2020 / www.metalbulletin.com / Article Link

The Turkish deep-sea scrap import markets remained quiet with the mills seeking lower prices amid weak finished steel markets, sources said on Tuesday May 5.

The most recent cargo deal was recorded on Friday May 1 when a steel mill in the Iskenderun region booked a European cargo comprising 17,000 tonnes of HMS 1&2 (80:20) at $236 per tonne cfr and 7,000 tonnes of bonus at $246 per tonne cfr, sending daily scrap indices down by around $4 per tonne.
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