19
Jan
13:28
Supply-demand imbalance pressures Turkish scrap market
The Turkish scrap market ended last week with subdued activity amid a persisting imbalance between supply and demand. While there were numerous offers from all regions in the market, Turkish mills’ buying interest remained lacking.
US suppliers are seen to have become more aggressive and continued to decrease their offer prices. While most offered HMS 1&2 80:20 at around $425/tonne cfr Turkey and waited for firm bids, one expressed its readiness to accep…
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Anonymous
Very good overview of the weekly steel market.
Anonymous