17
Apr
15:46
Turkish scrap market falls silent after buying spree
Following numerous scrap purchases throughout last week, the Turkish scrap market fell silent on Friday.
An array of US- and Baltic-origin scrap cargoes were booked by Turkish mills at $256-257/tonne cfr Turkey levels for HMS 1&2 80:20, Kallanish notes.
The number of EU-origin scrap bookings remained limited, with 80:20 prices at $248-251/t, due to high dock prices and lack of supply in the EU.
Short-sea HMS 80:20 was concluded at $248-252/t cfr, while Russi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous