25
May
15:52
Turkish scrap market quietens, awaits correction
Turkey’s scrap market is quiet as mills are waiting to gauge a clearer picture before continuing to buy July-shipment cargoes.
No scrap bookings have been heard so far this week. Turkish mills are worried by the continuing price decreases in China. Most market participants think some steel prices are about to see a correction unless Chinese steel prices recover. This is preventing Turkish mills from buying scrap at higher prices, while China’s governme…
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Anonymous
Very good overview of the weekly steel market.
Anonymous