DAILY STEEL SCRAP: Deep-sea prices edge down on news of midweek Baltic Sea booking

A third booking from Wednesday came to light on Friday, however, which resulted in Fastmarkets’ indices edging down slightly.

A steel mill in the Iskenderun region booked a Baltic Sea cargo consisting of 22,000 tonnes of HMS 1&2 (80:20) at $426 per tonne, 5,000 tonnes of shredded scrap at $436 per tonne and 6,000 tonnes of bonus grade scrap, also at $436 per tonne. The booking of scrap from Russia was for shipment in the first half of June.

Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculated at $424.65 per tonne on April 23, down from $425.52 per tonne.

And the daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey was $430.62 per tonne on Friday, down from $431.49 per tonne, leaving the for US material over European scrap at $5.97 per tonne.

One cargo was heard on Thursday April 22, with a steel mill in the Iskenderun region booking a Venezuelan cargo, consisting of 25,000 tonnes of HMS 1&2 (80:20), at $424.50 per tonne cfr.

Two other cargoes were heard on Wednesday.

One involved a steel mill in the Iskenderun region booking a European cargo, comprising 22,500 tonnes of HMS 1&2 (80:20) and 12,500 tonnes of a mixture of plate and structural (P&S) and HMS 1 at an average price of $429 per tonne cfr.

And a steel mill in Northern Turkey booked a 27,000-28,000-tonne Baltic Sea cargo, comprising HMS 1&2 (80:20) at $427 per tonne, shredded at $432 per tonne and bonus at $437 per tonne cfr.

A number of deals done at the end of last week did not emerge until early this week.

A steel mill in the Izmir region booked a European cargo at $416 per tonne cfr for HMS 1&2 (80:20). The cargo breakdown, however, was not clear at the time of publication.

Two deals for European cargoes of the same material were done at $417 per tonne cfr.

A steel mill in the Izmir region booked a European cargo at $417 per tonne cfr for HMS 1&2 (80:20).

And a steel mill in the Iskenderun region booked a Venezuelan shipment of 25,000 tonnes of HMS 1&2 (80:20) at $415.50 per tonne cfr.