DAILY STEEL SCRAP: Mills end the week with five deals on better steel demand

Turkish steel mills ended the working week with five deep-sea cargoes due to improving steel demand, market participants said on Friday October 8.

Prices increases have triggered demand for billet and long steel products in the week to October 8, leading Turkish mills to book more deep-sea cargoes for November shipments.
Three deals were heard on Thursday October 7.
A steel mill in the Iskenderun region booked a European cargo comprising HMS 1&2 (75:25) at $440 per tonne, shredded at $455 and bonus at $460 per tonne cfr.

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