14
Jul
15:39
Turkish imported scrap prices climb on demand rebound
Turkish steelmakers have increased their imported scrap demand this week, as expected. Imported scrap prices have consequently started to rise.
Turkish mills have concluded numerous US-origin scrap cargoes since last week. US-origin HMS 1&2 80:20 prices, which decreased to $253/tonne cfr Turkey last week, have started increasing following the sharp hike in iron prices, bullish sentiment in China, and increasing scrap prices in Asia. In the latest bookings, US-…
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Anonymous
Very good overview of the weekly steel market.
Anonymous