07
Feb
14:47
US-origin booking points to Turkish scrap rebound
Following the St. Petersburg-origin scrap deal early last week at $251/tonne cfr Turkey for HMS 1/2 80:20, Turkish mills’ target price for deep-sea 80:20 scrap has further decreased to $245-250/t.
However, in the subsequent deals realised in the second half of last week, Turkish mills were unable to buy deep-sea scrap at the desired lower prices. Then, over the weekend, a US-origin scrap deal suggested a rebound.
A European supplier sold a cargo comprising …
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Anonymous
Very good overview of the weekly steel market.
Anonymous