09
Jul
15:52
Turkish imported scrap prices trend downwards
Turkish mills concluded numerous imported scrap bookings last week. Although scrap suppliers were expecting prices to exceed $500/tonne cfr for HMS 1&2 80:20, this has not materialised, mainly because of lower-than-expected demand and a large number of offers in the market.
Demand has remained below expectations because Turkish mills, in fact, concluded imported scrap bookings last week but kept them confidential. As a result, their remaining requirement for A…
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Anonymous
Very good overview of the weekly steel market.
Anonymous