05
Jan
14:47
Turkish mills gauge market before making scrap purchases
Following a quiet last week of 2020, Turkish mills have had a cautious start to the new year in terms of imported scrap purchases. No imported scrap bookings have been heard since 23 December.
Due to the silence in the market, a Baltic-origin supplier is heard to have panicked last week and offered HMS 1&2 80:20 at $466/tonne cfr Turkey. This price is lower compared to the latest US-origin HMS 80:20 booking at $473/t cfr and Baltic-origin HMS 80:20 booking at …
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Anonymous
Very good overview of the weekly steel market.
Anonymous