28
Jan
15:17
Turkey’s imported scrap demand fails to recover
Turkish mills’ scrap demand remains weak, with producers continuing to pressure scrap suppliers into lowering prices.
After booking a UK-origin cargo last week that consists of HMS 1/2 80:20 at $277/tonne cfr Turkey, Turkish mills have further decreased their price ideas for imported scrap. They are not bidding at over $265-270/t cfr, and are seen to have a very poor appetite for imported scrap purchases.
A scrap agent tells Kallanish: “The situa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous