DAILY STEEL SCRAP: Mills book more cargoes to replenish stocks

Turkish steelmakers continued to book deep-sea scrap cargoes at the end of this week to refresh their stock levels for February and March, sources said on Friday January 8.

A steel mill in the Izmir region booked a European cargo, comprising HMS 1&2 (75:25) at $471.50 per tonne and bonus at $486.50 per tonne cfr.
And a steel mill in the Marmara region booked a US cargo at $481 per tonne cfr on an HMS 1&2 (80:20) basis.

Neither...

China's gold holdings to central bank reserves still low

China has broad effect on gold market

Gold stocks mixed after previous week's huge gains

Large TSXV gold multiple driven up by high Artemis weighting

Monetary-driven precious metals outperform major base metals