DAILY STEEL SCRAP: Indices unchanged despite falling long steel prices

Turkish steel mills continued to stay away from deep-sea scrap purchasing due to the weak domestic steel market, sources told Fastmarkets on Wednesday October 7.

The country's steelmakers had booked three deep-sea cargoes at the end of last week, putting the HMS 1&2 (80:20) price at $284 per tonne cfr for European material and at $289 per tonne cfr for Baltic Sea-origin scrap.
The previous Baltic Sea cargo of HMS 1&2 (80:20) cargo had been sold at $292 per tonne cfr the previous week, but the decline in price has yet to persuade Turkish mills to return to the deep-sea scrap market.

In the meantime, domestic steel prices have also...

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