DAILY STEEL SCRAP: Price surge continues with fresh cargo deal

Turkish steelmakers continued to book deep-sea scrap for February 2021 shipments at increasing prices, sources said on Tuesday December 15.

A steel mill in the Marmara region booked a European cargo comprising an 80:20 mix of No1 and No2 heavy melting scrap at $421 per tonne and bonus at $431 per tonne cfr.
This compared with the previous cargo sold from the Baltic Sea region at $419 per tonne cfr on an HMS 1&2 (80:20) basis.

Baltic Sea-origin HMS 1&2 (80:20) usually trades at a...

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