17
Jan
15:13
Market expects Turkish scrap to fall below $400
Scrap prices in Turkey are likely to decline below the $400/tonne threshold soon due to supply outpacing demand.
Although there are numerous offers in the market, Turkish mills’ buying appetite remains weak, piling stronger pressure on prices.
Some European suppliers are trying to maintain their HMS 1&2 80:20 offers above $400/t cfr Turkey amid a stronger euro against the dollar. However, Turkish mills do not find these levels workable as UK-origin HMS …
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Anonymous
Very good overview of the weekly steel market.
Anonymous