DAILY SCRAP REPORT: Turkish mills buy more scrap despite weak rebar demand

May 15, 2020 / www.metalbulletin.com / Article Link

The Turkish steel mills have continued to book deep-sea scrap cargoes for June shipments at largely steady prices, sources said on Thursday May 14.

A steel mill in northern Turkey booked a Baltic Sea cargo, comprising 8,000 tonnes of HMS 1&2 (80:20) at $250 per tonne, 13,000 tonnes of shredded at $255 per tonne and 5,000 tonnes of bonus at $260 per tonne cfr, late on May 13.

Following the news of that deal, the daily scrap indices only inched upward...

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