08
May
15:59
Turkish imported scrap prices rebound
Turkish mills have been forced to pay higher prices for imported scrap, after returning to the deep-sea market last week.
With expectations of an increase in US domestic scrap prices materialising, and high dock prices in the EU, deep-sea scrap suppliers refused last week to conclude business at Turkish mills’ desired levels. Turkish mills had been willing to buy scrap at the level of $236/tonne cfr Turkey registered a week prior in a HMS 1&2 80:20 deal …
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Anonymous
Very good overview of the weekly steel market.
Anonymous