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.
...

Another 'Bubble Check' for the gold sector

Gold stocks continue to hit new highs

Some mining stocks exposed to Burkina Faso take major hit

Gold stocks again hit new highs

Gold stocks reach new highs on metal price gain