The main sea freight index at Baltic Exchange for bigger vessels advanced on Friday mainly on higher rates for bigger vessels.
Many steel buyers in North America have seen the potential to lower their costs and opted to bring a greater portion of their steel from overseas. However, this situation has not gone unnoticed. The US steel mills and their related associations are calling for measures to protect the local industry.
Turkish HMS 1/2 80:20 scrap import average prices (CFR Iskenderun Port, Turkey) dropped week-on-week to $385 a ton in the week ended August 29th, as per the latest figures released by the The Steel Index.