11
Aug
16:15
Sentiment turns in Turkish scrap market
Turkish mills have taken a step back from scrap imports this week, having bought numerous cargoes in recent weeks. Demand has slowed for both short-sea and deep-sea scrap.
Scrap prices, which increased in line with demand until this week, are now seen to be under pressure after the demand slowdown, with sufficient scrap seen available.
US and Baltic suppliers, which sold HMS 1&2 80:20 at $285/tonne cfr Turkey last week, increased their quotes to $287-290/t cf…
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Anonymous
Very good overview of the weekly steel market.
Anonymous