05
May
15:35
Turkish scrap continues to fall amid abundant supply
Following their return from the Eid holiday, Turkish steel producers remained on the sidelines for scrap purchases on Thursday.
Although some market players were hoping to hear some deals on the eve of, as well as during the holiday, this did not materialise. This is because mills’ scrap purchases are dependent on their steel sales, which they first needed to gauge upon returning from holiday. On the other hand, sufficient scrap availability means they can b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous