03
Mar
14:29
Turkish scrap market freezes, prices remain under pressure
Turkish mills are observed to have continued to stay out of the scrap market so far this week. While there is almost zero demand for imported scrap in Turkey, imported scrap suppliers have also backed-off while waiting for scrap demand to resume.
Several factors are preventing Turkish mills from gauging the future of finished-steel demand. These include the fast-spreading coronavirus, increasing tension in Syria, the further depreciating Turkish lira, slowed dome…
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Anonymous
Very good overview of the weekly steel market.
Anonymous