DAILY STEEL SCRAP: Mills still silent in deep-sea markets as week begins

The Turkish steel mills went through the first working day of the week making no deep-sea scrap bookings, adding to a week-long silence in the deep-sea markets, Fastmarkets heard on Monday August 17.

Turkish steel mills paused their deep-sea bookings on August 7, when the price for HMS 1&2 (80:20) reached $285 per tonne cfr for US- and Baltic Sea-origin material.
Market participants expected the mills to remain silent for at least few more days, or even a week, because of the sluggish long steel demand in both the domestic and export markets.

"The market is very quiet," a...

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