DAILY STEEL SCRAP: Prices may have reached bottom

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

Turkish steel producers were quiet on the first working day of the week with no deep-sea trade reported, but demand is recovering slightly, sources told Fastmarkets on Monday February 8.

Mills resumed their deep-sea scrap purchases at the end of last week and achieved lower prices.

The most recent bookings put the HMS 1&2 (80:20) price at $380 per tonne cfr for Baltic Sea-origin material and $387 per tonne cfr for UK material on Friday February 5, sending...

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