26
Aug
14:07
Turkish scrap market remains silent amid squeezed margins
Activity in the Turkish scrap market remains null as both Turkish mills and scrap suppliers stay out of the market.
While mills resist buying scrap at current levels due to squeezed margins, suppliers are not rushing to sell to Turkey as they are able to find buyers in alternative markets. Following the US-origin booking at $402/tonne cfr earlier this week, no deep-sea booking was heard in Turkish market.
While US-origin HMS 1&2 80:20 offers stand above $405…
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Anonymous
Very good overview of the weekly steel market.
Anonymous