26
Mar
15:03
Scrap rebounds, Turkish mills hike longs quotes
Turkish mills are seen to have failed in sourcing scrap at their desired levels of below $410/tonne cfr Turkey.
Although Turkish mills were confident they could obtain prices at below $410/t cfr from the US, some US suppliers are heard to have refused to sell even at $415/t cfr.
Turkish mills have seen strong resistance to their bids from scrap suppliers. After mills increased inquiries for imported scrap since last Wednesday, scrap suppliers have hiked their off…
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Anonymous
Very good overview of the weekly steel market.
Anonymous