DAILY SCRAP REPORT: US spot transaction confuses market

October 04, 2018 / www.metalbulletin.com / Article Link

Turkish steel producers have resumed their deep-sea scrap bookings with a spot cargo deal, sources said on Wednesday October 3.

A steel mill in the Iskenderun region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $327 per tonne, 7,000 tonnes of shredded at $332 per tonne and 3,000 tonnes of bonus at $337 per tonne cfr on late Tuesday October 2.The cargo was scheduled to be shipped in October, and compared with a previous US deal heard in early September...

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