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

Base metals outlook for 2026 opaque after decent rise last year

January 07, 2026 / www.canadianminingreport.com

Gold and silver stocks far outpace the major markets

January 07, 2026 / www.canadianminingreport.com

Bank of Japan boosts rates, continuing an unwinding carry trade

December 22, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market slide

December 22, 2025 / www.canadianminingreport.com

Silver inventories rebound in UK, output from major producers rises

December 15, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok