22
Dec
13:30
Turkish scrap demand remains weak, market awaits correction
Turkish mills left a second consecutive week behind without scrap purchases last week.
No deep-sea or short-sea bookings were heard throughout the week, while Turkish mills were forced to adjust down their rebar quotes due to weak demand.
Mills, who expect to see the downward correction reflect in scrap prices, continued halting purchases, while scrap suppliers mostly tried to remain firm. The latest bookings for HMS 1&2 80:20 were concluded at $428/tonne c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous