24
Jun
16:05
Turkish scrap dives deeper, approaches $300 threshold
Scrap prices into Turkey continue to fall on new deals.
A long steel mill in the south bought an EU-origin cargo on Thursday comprising 19,500 tonnes of HMS 1&2 75:25 and 2,500t of bonus grade at average $318/tonne cfr Turkey.
Meanwhile, some short-sea suppliers are seen resisting lower prices. A blast furnace mill is heard to have bought Moldovan A3 at $325/t cfr, while another short-sea supplier is heard to have offered HMS 1&2 90:10 at $345/t cfr. Othe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous