Turkish deep-sea scrap import prices fall amid rising freight costs, weak steel sales

Turkish steel scrap import prices fell sharply on Tuesday November 2, in line with the the latest bookings and amid increasing freight costs and limited finished steel sales to Turkey's key export outlets, market participants told Fastmarkets.

On Tuesday, a steel mill in the Marmara region booked a deep-sea cargo from Puerto Rico, comprising HMS 1&2 (80:20) at $494 per tonne and shredded scrap at $514 per tonne cfr on Tuesday.

And a steel mill in the same region booked a UK cargo, comprising 18,000 tonnes of HMS 1&2 (80:20) at $489 per tonne cfr late on Friday October 29.
...

Silver inventories rebound in UK, output from major producers rises

Silver's three-month outperformance continues

Silver & Copper Supply Distortions Continue

Gold stocks down in risk-on shift

Gold stocks rocket on metal rebound and equities jump