DAILY STEEL SCRAP: Mills pause deep-sea bookings, focus on finished steel

The Turkish steel producers have taken a break from deep-sea scrap purchases after booking a number of cargoes earlier in the week, sources said on Thursday August 27.

The mills in Turkey booked six deep-sea scrap cargoes from various destinations at slightly higher prices this week, totalling around 220,000 tonnes.
The most recent bookings brought the HMS 1&2 (80:20) price to $287.50 per tonne cfr for US-origin material.

But the mills stepped back once more from...

Canada second most significant player in global mining M&A

Plenty of potential for continued rotation out of tech

Platinum to palladium ratio low, platinum to gold high, versus history

Gold stocks up on metal and equities gains

Most major metals rebound on potential global monetary easing