24
Oct
15:34
Turkish scrap market remains silent amid diverging prospects
Activity in the Turkish scrap market is subdued this week, while Turkish mills continue to exert pressure on prices. Suppliers cite weak inflow and believe prices have bottomed; they are resisting lowering values further and remain out of the market.
Following the UK-origin HMS 1&2 80:20 deal at $345/tonne cfr Turkey at the end of last week, Turkish mills’ price ideas for EU-origin HMS 1&2 80:20 stand at below this level. However, European exporters,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous