07
Sep
15:38
Turkish mills continue to buy scrap, prices stable
Turkish mills are seen continuing to buy scrap this week following their return to the market last Thursday. After falling in initial bookings, scrap prices are seen to have stabilised on the new bookings concluded this week.
Fresh bookings were concluded on Monday. Two mills bought EU-origin scrap at $435-437/tonne cfr Turkey for HMS 1&2 80:20. A US supplier sold HMS 1&2 80:20 at $447/t and shredded at $462/t cfr. A long steel mill in western Turkey is ho…
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Anonymous
Very good overview of the weekly steel market.
Anonymous