01
Apr
16:18
Turkey’s scrap demand fails to reach expected levels
Although some Turkish mills have started buying scrap this week following last week’s silence, their demand is yet to reach expected levels.
Turkish mills are seen to be squeezed between high production costs and unsatisfactory steel demand, which puts steel prices under pressure. Turkish mills’ production costs have increased even further as of 1 April due to the increases seen in natural gas and electricity prices by 50% and 20%, respectively. Conseq…
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Anonymous
Very good overview of the weekly steel market.
Anonymous