28
Mar
17:17
Turkish mills break US scrap suppliers' resistance
Turkish mills have finally broken US scrap merchants’ resistance to lower bids, following another spate of bookings this week, market participants tell Kallanish.
Seven deep-sea scrap bookings have been reported this week, three from Europe, two from the Baltic and two from the US. The most significant of these is the latest US deal, for 30,000 tonnes of HMS 1&2 80:20 at $320/tonne cfr Turkey, 5,000t shredded at $325/t and 5,000t bonus at $330/t for en…
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Anonymous
Very good overview of the weekly steel market.
Anonymous