01
Nov
14:52
Turkish scrap market waits for resistance to break
Turkish mills’ demand for scrap is yet to improve as Turkish steel producers find current prices too high.
Mills are already struggling with weak steel demand, decreasing steel prices and high energy costs. Current scrap prices are found unworkable as they leave producers with no margin due to scrap-rebar conversion cost increasing to $300/tonne.
The latest booking was heard at $363.5/t cfr Turkey for HMS 1&2 80:20 from the US last week.
With Turkish …
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Anonymous
Very good overview of the weekly steel market.
Anonymous