DAILY STEEL SCRAP: Mills pause deep-sea bookings, focus on finished steel

The Turkish steel producers have taken a break from deep-sea scrap purchases after booking a number of cargoes earlier in the week, sources said on Thursday August 27.

The mills in Turkey booked six deep-sea scrap cargoes from various destinations at slightly higher prices this week, totalling around 220,000 tonnes.
The most recent bookings brought the HMS 1&2 (80:20) price to $287.50 per tonne cfr for US-origin material.

But the mills stepped back once more from...

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