DAILY STEEL SCRAP: Prices jump further with fresh deep-sea cargoes

Turkish steel producers continued to pay higher prices for deep-sea scrap cargoes on Wednesday October 13, market participants told Fastmarkets.

Late on Tuesday October 12, a steel mill in the Marmara region booked a Baltic Sea cargo comprising 12,000 tonnes of HMS 1&2 (80:20) at $470 per tonne and 18,000 tonnes of shredded at $490 per tonne cfr.
On Wednesday, a steel mill in the Izmir region paid $480 per tonne cfr for 35,000 tonnes of HMS 1&2 (80:20) to another Baltic Sea supplier.

On the same day,...

Geopolitical risk outlook unclear after US election

Low valuations offer a cushion to mining sector

Polarized gold and iron ore moves, moderate aluminum and copper gains

Large TSXV stocks strong on company specific drivers

Canadian political turmoil with Trump trade policy the catalyst