11
Oct
15:49
Turkish mills halt scrap purchases, expect price correction
The Turkish scrap market continues to remain silent, with neither side agreeing on prices, Kallanish notes.
While Turkish mills are looking for lower prices due to their high production costs and weak steel sales, suppliers are seen targeting higher levels.
Although some US suppliers are targeting to sell at above $380/tonne cfr Turkey, one US supplier is seen to be ready to sell at $375/t cfr, if he can find a buyer.
“$380/t is not a realistic price. The …
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Anonymous
Very good overview of the weekly steel market.
Anonymous