30
Jan
14:52
Turkish scrap market remains silent amid subdued steel sales
Due to their struggles selling steel in domestic and export markets, Turkish mills have not yet returned to the scrap market to buy March-shipment cargoes despite their ongoing requirements.
Deep-sea activity thus remains lacking so far this week, pressuring prices. However, suppliers, aware of Turkey’s needs, are not rushing to sell or lower their price targets amid tight supply. A US supplier is heard targeting to sell HMS 1&2 80:20 at above $425/tonne…
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Anonymous
Very good overview of the weekly steel market.
Anonymous