31
Oct
13:43
Turkish scrap imports increase, billet slumps in September
After a prolonged decreasing trend, Turkish scrap imports finally increased by 39% on-year to 1.71 million tonnes in September, according to Turkish Statistical Institute (TUIK) data monitored by Kallanish. Average buying price was $296/tonne versus $345/t in September 2018.
Over 99%, or 1.7mt, of the September imports were obsolete scrap. The US was the main supplier with 428,266t, up 63% on-year and up 47% on August 2019. This was followed by the Net…
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Anonymous
Very good overview of the weekly steel market.
Anonymous