DAILY SCRAP REPORT: Mills still struggle with firm offers, weak rebar demand

March 11, 2020 / www.metalbulletin.com / Article Link

Turkish steel producers have continued to hold back from the deep-sea scrap market despite shrinking stock levels because of the firm prices being asked, sources said on Tuesday March 10.

There have been no new bookings so far this month, but suppliers were keeping their offers steady.
Offers of HMS 1&2 (80:20) from the US remained at $280 per tonne cfr, while offers of similar material increased by around $5 per tonne to $275 per tonne cfr from European suppliers.

The increase in European prices came while the euro strengthened against the dollar, because scrap...