02
Feb
15:37
Turkish scrap seen falling further before bottoming
Scrap prices in Turkey continue falling amid supply still outweighing demand. Turkish mills’ demand for imported scrap is yet to resume, although they still need to purchase March-shipment cargoes.
There are numerous scrap offers available in the market, while some suppliers are seen desperately offering cargoes as their fiscal year nears to a close. A US supplier is seen ready to sell at below $400/tonne cfr Turkey, though it says $390/t cfr is no…
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Anonymous
Very good overview of the weekly steel market.
Anonymous