09
Jan
14:38
Turkish scrap market quietens after Sweden-origin deal
Demand in the Turkish scrap market was slower on Tuesday following the latest Sweden-origin deal at $425/tonne cfr Turkey for HMS 1&2 80:20 on Monday.
Mills are facing higher offers from suppliers and are thus not rushing to buy, despite their procurement requirements being unfulfilled.
One mill tells Kallanish: “I was not expecting to see $425/t this soon. Suppliers have further increased their price targets after this deal. However, steel market fund…
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Anonymous
Very good overview of the weekly steel market.
Anonymous