DAILY STEEL SCRAP: Weak long steel demand keeps mills away from scrap purchases

The Turkish steel producers have continued to stay away from the deep-sea scrap markets due to weak demand for their finished long steel products, sources told Fastmarkets on Tuesday August 18.

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.
The poor demand for long steel was the main reason for the mills' reticence, while scrap stock levels at the mills' yards was also good, sources told Fastmarkets.

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