07
Jun
15:51
Turkish scrap market halts amid lack of confidence
Activity in the Turkish scrap market is lacking while mills, which are squeezed between high production costs and weak steel sales, do not show interest in scrap bookings.
On Tuesday, two deals were rumoured in the market. EU-origin HMS 1&2 80:20, which was offered at $430/tonne cfr last week, is heard to have been sold at $420/t cfr. However, market sources say this was not sold to Turkey, but to Egypt instead, as Turkish mills have given bids at $400/t cfr f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous