11
Jul
14:57
Lulled demand, cheaper billet increase Turkish scrap pressure
Turkey’s scrap market has fallen into silence again amid stagnant steel sales, decreasing billet prices and sufficient scrap availability in the market.
Turkish mills’ interest in both deep-sea and short-sea scrap offers is almost zero as steel sales in both domestic and export markets have come to a halt.
Most US-origin suppliers targeted to sell HMS 1&2 80:20 at above $380/tonne cfr Turkey last week. However, the latest US-origin booking at $395…
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Anonymous
Very good overview of the weekly steel market.
Anonymous