26
Jul
18:19
Turkish scrap falls below $340, rebar hikes questioned
Fresh US-origin deals have taken Turkish scrap import prices below $340/tonne for the first time in 2018, while mills’ attempts to raise rebar export offers have failed to generate significant sales, market participants tell Kallanish.
Following scrap’s drop to $340/t last week, two US-origin cargoes have been heard concluded this week at lower prices. One had 30,000 tonnes of HMS 1&2 80:20 at $339/t cfr Turkey, 5,000t shredded at $349/t and 5,00…
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Anonymous
Very good overview of the weekly steel market.
Anonymous