30
Jul
15:29
Turkish scrap market reaches impasse amid diverging expectations
The Turkish scrap market is seeking direction, with market participants’ expectations diverging amid weak activity.
Suppliers are quite optimistic about a strengthening in Turkish scrap prices due to already tight supply and the expected recovery in US domestic scrap prices. Nucor’s hot rolled coil price increase this week (see separate story) has boosted sentiment further in the US scrap market.
Turkish mills, on the other hand, do not find higher sc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous