14
Aug
14:44
Imported billet pressures Turkish scrap prices
Turkish mills have kept their domestic scrap buying prices unchanged since last week, but imported scrap values have continued to decline.
Turkish mills are seen trying to balance domestic scrap prices with the depreciation of the lira.
The latest deal was concluded from the EU at $368.5/tonne cfr Turkey for HMS 1&2 80:20 and $390.5/t cfr for bonus grade, as previously reported by Kallanish.
Although Turkish mills are pushing for the low $360s following the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous