02
Nov
14:50
Rising costs increase Turkish mills’ scrap price pressure
Turkish mills’ demand for scrap purchases has cooled following the sharp rise in industrial natural gas prices on Monday.
Scrap prices, on the other hand, have continued to soften on a fresh deal, as well as in offers. A US supplier, who was offering HMS 1&2 80:20 at $498/tonne cfr for Puerto Rico-origin material, is heard to have sold at $494/t cfr Turkey, with shredded at $514/t cfr.
“The quality of this cargo is closer to European cargoes. We s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous