21
Jan
15:08
Turkish mills increase pressure on scrap prices
Turkish mills, being unable to sell rebar at desired prices, have increased their pressure on scrap prices.
Deep-sea scrap suppliers, despite having availability, are seen to be waiting for Turkish mills to start inquiring and bidding before offering their cargoes. Turkish mills are using the latest US-origin scrap booking as a reference point. Their price idea stands at $275-280/tonne and $280-285/t cfr Turkey for European and US-origin HMS 1/2 80:20 respect…
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Anonymous
Very good overview of the weekly steel market.
Anonymous