DAILY STEEL SCRAP REPORT: Lower prices revive interest in deep-sea scrap

June 26, 2020 / www.metalbulletin.com / Article Link

Turkish steel producers returned to the deep-sea scrap market on Thursday June 25, attracted by lower prices, sources told Fastmarkets.

A steel mill in the Osmaniye region booked a 27,500-tonne US cargo, comprising HMS 1&2 (80:20) at $261 per tonne, shredded at $266 per tonne and bonus scrap at $271 per tonne cfr. The cargo's composition was not clear at the time of publication.The previous deep-sea transactions took place on June 15, when two US cargoes of HMS 1&2 (80:20)...

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