10
Sep
14:09
Have scrap prices in Turkey bottomed?
Scrap prices in Turkey, the world’s largest importer, have been on a consecutive downward trend for almost two months. After a deal concluded on Monday by a Baltic supplier, HMS 1&2 80:20, which collapsed to $247/tonne cfr Turkey towards the end of last week, has seen another decline to $240/t cfr.
Kallanish observes that steel mills’ demand for imported scrap is currently at low levels. On the other hand, there are many scrap suppliers in the ma…
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Anonymous
Very good overview of the weekly steel market.
Anonymous