09
Nov
14:53
Sentiment turns bearish in Turkish scrap market
Turkish mills are seen suspending December-shipment scrap purchases despite their need for material. Weak demand in the rebar market and low-priced billet bookings are seen preventing mills from buying high-priced scrap.
On Tuesday, a long steel mill booked a St. Petersburg-origin cargo comprising 20,000 tonnes of HMS 1&2 80:20 at $497/tonne and 10,000t of bonus at $517/t cfr Turkey, for December shipment. The supplier is planning to offer another cargo at $50…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous