17
Sep
15:36
Turkish mills’ scrap purchases slow following spree
Turkish mills slowed scrap purchases in the second half of last week.
Late on Thursday a scrap booking from the Baltic was heard at $439/tonne cfr Turkey for HMS 1&2 80:20 and $454/t cfr for bonus grade. On Friday, a St. Petersburg-origin cargo sale was heard at $430/t cfr for HMS 1&2 80:20 and $445/t cfr for bonus grade. However, this sale, like the supplier’s previous one, is well below market prices as Turkish mills do not value the quality.
Alth…
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Anonymous
Very good overview of the weekly steel market.
Anonymous