DAILY STEEL SCRAP: Prices remain firm on tight supply

The Turkish steel producers largely slowed down their deep-sea booking activity after the latest spike in the prices, sources said on Tuesday December 8.

A steel mill in the Marmara region was heard booking a Baltic Sea cargo at $370 per tonne cfr for 14,000 tonnes of HMS 1&2 (80:20).
But the supplier was not a traditional one and several market participants believed that the cargo would not be representative of the market.

The previous Baltic Sea cargo was sold at $375 per tonne cfr on an HMS 1&2 (80:20) basis,...

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