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...

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