03
Oct
15:49
Turkish scrap market remains quiet amid higher costs
Turkish mills’ scrap purchases started the week quietly, following the hikes from 1 October in electricity and natural gas prices, which have worsened sentiment and forced them to increase their finished steel quotes.
Amid Turkey’s lacklustre demand, some scrap suppliers are seen to have decreased their offer prices from last week, supported by softening freight rates and further euro depreciation against the dollar. The euro depreciated to 0.953 per $…
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Anonymous
Very good overview of the weekly steel market.
Anonymous