Turkish steel producers continued to book deep-sea scrap cargoes for June shipment on Wednesday May 13, but prices started to show signs of a downturn due to the weak rebar market, sources told Fastmarkets.
A steel mill in the Marmara region booked a US cargo, comprising 12,000 tonnes of HMS 1&2 (80:20) at $252 per tonne and 18,000-20,000 tonnes of shredded at $257 per tonne cfr.But another steel mill in the same region booked a cargo from the US at slightly lower prices, with HMS 1&2 at $249 per tonne, shredded at $254 per tonne cfr and bonus scrap at $259 per tonne fob. Neither the cargo volume nor the cargo breakdown was available...