Steel & Scrap Midweek Report

HMS 80:20 Scrap Turkish Deepsea import scrap prices continue to firm   Sell side continues push for $300/m Weak dollar maintains upside pressure   Deepsea Turkish import scrap prices were heard to be higher Sept. 1, as ex-Benelux and ex-Baltic cargoes were heard to be booked over the week ending Aug. 28, sources said. S&P …

Castaway Podcast Episode 23 Available Now

How are the markets pricing the US election? What’s in store for capesize freight? And why is iron ore still so high? Answer all these questions and more with a listen of this week’s Castaway – now with 50% fewer puns. Available now on:     Website  https://freightinvestorservices.com/blog/fis-castaway-eps-23-unprecedented-coverage-in-unprecedented-times/      Spotify  https://open.spotify.com/episode/3SpQJknSkltYrKcOsipe4w      And Itunes …

Steel and Scrap News 27/8/20

*Turkish Scrap Turkish Deepsea import scrap prices rebound as buying activity resumes.   Deepsea Turkish import scrap prices strengthened, as one Marmara mill was heard to book three cargoes, breaking a two-week long silence in the market. S&P Global Platts assessed Turkish imports of premium heavy melting scrap 1/2 (80:20) at $284.50/mt CFR on Aug. …

Steel and Scrap News 19/8/20

HMS 80:20 Turkish Scrap The week started with the Deepsea Turkish import scrap market softened slightly from Friday, as mills looked to push for lower workable prices, while recycler offers remained stable. Prices edge down in wait for demand to pick up. Suppliers keep offers stable with buyers staying on the side-lines causing prices to …

Steel and Scrap News 13/8/20

* Physical scrap concluded at $285/t CFR for HMS 80:20 Physical scrap continues to move higher with fixtures completed over the last week at $285/t CFR for HMS 80:20 material. Both Baltic and US based sellers have been reported as transacting with the most recent fixture by a Baltic-origin deal concluded at $285/t CFR for …