DAILY SCRAP REPORT: 'Turmoil' in market keeps trading on pause

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

Turkish steel mills remained out of deep-sea markets on Thursday March 5, with no new bookings following a standoff between mills and suppliers, sources told Fastmarkets.

Turkish steel mills continued to hold off on booking cargoes and sources told Fastmarkets they did not expect to hear any new deals this week. The current stalemate was because US suppliers were unwilling to drop their export prices because of the bullish domestic market, the sources added.

There have been no new bookings during March so far, with...

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