19
Aug
15:29
Turkish scrap activity halts amid weak steel sales
Turkish mills have halted scrap purchases due to weak demand in finished steel markets which is pressuring steel prices.
A single deep-sea deal was heard last week. A US supplier, which offered HMS 1&2 90:10 at $405/tonne cfr Turkey, sold to a Marmara mill at an average index price.
A Venezuela-origin HMS 1&2 80:20 booking done at $393/t cfr the week prior was disclosed in the market only on Friday. A northern mill is heard to have given a bid at $370/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous