04
Jan
16:16
Turkish scrap inches down further, rebar quotes reduced
Turkish mills booked two deep-sea scrap import cargoes for prompt requirements last week at still lower prices following the deal a week earlier that saw prices inch down slightly. Rebar export quotes have also been reduced, but buying remains thin, market participants tell Kallanish.
The first deal done last Monday was from Europe for 20,000 tonnes of HMS 1&2 75:25 at $275/tonne cfr Turkey and 5,000t bonus at $290/t for prompt shipment. The second was a US-…
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Anonymous
Very good overview of the weekly steel market.
Anonymous