07
Jun
17:13
Subdued Turkish rebar export demand dampens US optimism
Turkish mills have booked two further US-origin scrap cargoes since the two concluded at the beginning of this week, with the latest taking prices up around $5/tonne. Despite the positivity surrounding the US, weak demand for Turkish rebar from other markets remains a concern, market participants tell Kallanish.
The latest cargo booked from the US was for 34,000 tonnes of HMS 1&2 80:20 at $347/tonne cfr Turkey and 8,000t shredded at $355/t for July shipment.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous