12
Jul
16:53
Turkish mills slash rebar export quotes, billet pressured
Turkish mills have reduced rebar export offers this week following a drop in scrap prices, while a European-origin scrap cargo was concluded following the earlier US consignments, market participants tell Kallanish.
The Benelux-origin cargo had 32,000 tonnes of HMS 1&2 80:20 at $335.5/tonne cfr Turkey and 8,000t of bonus at $350.5/t. Earlier in the week a Canadian-origin cargo was heard booked for 25,000t shredded and 25,000t HMS 90:10 at an average price of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous