Turkish steel mills made no deep-sea scrap bookings on the first day of the working week because they were mostly focused on finished steel sales, sources told Fastmarkets on Monday February 15.
Last week, prices rose by more than $22 per tonne week on week after two steel mills booked United States-origin cargoes at $410 per tonne cfr on HMS 1&2 (80:20) basis.Steelmakers then turned their focus to the finished steel markets to reflect the increase in costs to their sales prices."The scrap import markets have calmed down...