07
Dec
14:30
Downward pressure continues in Turkish imported scrap market
Activity remains low in the Turkish scrap market, while Turkish mills are pushing for lower prices.
Turkish mills are seen aiming to buy HMS 1&2 80:20 at $460-465/tonne cfr Turkey, although sellers are not yet ready to accept these levels.
Baltic-origin HMS 1&2 80:20, which was offered at $480-481/t last Friday, decreased to $475/t on Monday and saw another update on Tuesday, with a few suppliers decreasing offers to $470/t cfr. US offers are seen at arou…
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Anonymous
Very good overview of the weekly steel market.
Anonymous