17
Oct
15:31
Disappearing Indian demand worries Benelux scrap exporters
Benelux exporters, previously reliant on Asian scrap demand amid slow Turkish buying, are exercising caution following the slowdown in Indian scrap demand and lower prices in Turkey last week.
While most exporters are refraining from building stocks amid uncertainty, instead just watching the market, some exporters need to buy and are seen paying €320/tonne ($314) delivered for HMS 1&2 80:20. Although suppliers are targeting €330/t and above, they se…
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Anonymous
Very good overview of the weekly steel market.
Anonymous