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31 May

Turkish mills accelerate July-shipment scrap purchases

Turkish producers accelerated scrap purchases towards the end of last week, notes Kallanish. Multiple scrap deals were heard in the market. Four European deals were reported at $372-374/tonne cfr Turkey for HMS 1&2 80:20. A US supplier sold the same grade at $380/t cfr. Although another producer was heard to have bought US-origin HMS 1&2 80:20 at $379/t cfr on Friday, it was confirmed that this deal was made earlier in the week. Although a Baltic-origin…
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