09
Jun
14:20
Increased number of offers pressure Turkish scrap market
The number of offers in the Turkish scrap market is seen to have increased significantly while Turkish mills backed off from the market on Friday. This is pressuring prices and lowering the chance of materialisation of scrap suppliers’ higher price targets.
On Friday morning a southern mill bought 20,000 tonnes of shredded and 10,000t of bonus at average $410/t cfr for the beginning of August shipment.
Another southern mill is confirmed to have booked on …
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Anonymous
Very good overview of the weekly steel market.
Anonymous