DAILY STEEL SCRAP: Mills take a break from deep-sea bookings to focus on steel sales

March 09, 2021 / www.metalbulletin.com / Article Link

Turkish steel producers skipped the first working day of the week with no deep-sea bookings, keeping their focus on finished steel sales, market participants told Fastmarkets on Monday March 8.

The steelmakers had booked a number of scrap cargoes late last week, resulting a more than $6-per-tonne increase in the daily scrap indices.
A scrap supplier in the Baltic Sea region sold two cargoes at the end of last week at $458.50-460 per tonne cfr on HMS 1&2 (80:20) basis.

However, steel producers preferred to stay away from deep-sea bookings at the beginning of the week,...

Recent News

Canadian political turmoil with Trump trade policy the catalyst

December 23, 2024 / www.canadianminingreport.com

Canada and US import tariffs remain low

December 23, 2024 / www.canadianminingreport.com

Major metals not gaining much on China stimulus announcements

December 16, 2024 / www.canadianminingreport.com

Spectre of stagflation looms over base metals

December 16, 2024 / www.canadianminingreport.com

TSXV large gold gains overall, but a mixed story underneath

December 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok