16
Feb
15:17
Turkish producers pause scrap buying in China’s absence
Turkish mills have made a slow start to the week in terms of imported scrap purchases in the holiday absence of China. They are not rushing to conclude purchases although their March-shipment requirements are yet to be fully covered.
Following the US-origin HMS 1&2 80:20 bookings at $410/tonne cfr Turkey last week, some US suppliers are heard offering HMS 80:20 at $415/t cfr this week. Baltic-origin offers are heard at $415-420/t cfr, while European offer…
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Anonymous
Very good overview of the weekly steel market.
Anonymous