12
Jan
14:46
Turkish producers resist higher scrap offers
Imported scrap prices in Turkey have stabilised as Turkish mills resisted higher offers from suppliers.
On Friday, a Marmara mill booked EU-origin HMS 1&2 80:20 at $418/tonne and shredded and bonus at $443/t cfr Turkey. Although the supplier offered HMS 1&2 80:20 at above $420/t, he failed to sell at the desired level.
Although Turkish mills have not seen an increase in energy prices in January, hikes in labour and transport costs are exerting pressure. B…
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Anonymous
Very good overview of the weekly steel market.
Anonymous