29
Sep
16:06
Activity in Turkish scrap market remains thin
Activity in the Turkish scrap market remained weak on Friday after Turkish steel producers were hit by the announcement of a 20% electricity price hike from October.
A single deal was heard on Friday. A western Turkish producer is heard to have booked UK-origin HMS 1&2 80:20 at $368/tonne cfr Turkey.
European suppliers are active in the Turkish market due to the depreciation of the euro per dollar. An EU-origin supplier is heard offering HMS 1&2 80:20 at …
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Anonymous
Very good overview of the weekly steel market.
Anonymous