20
Sep
15:06
Turkish scrap market seeks direction amid silence
While Turkish mills’ scrap demand continues to remain weak, scrap suppliers’ and mills’ expectations regarding the direction of the market seem to be diverging.
Scrap suppliers, finding Turkish mills’ price targets below $340/t cfr unworkable due to the issues in collection below a certain price, are seen resisting selling below $350/t cfr. On the other hand, Turkish mills find offer prices above $350/ cfr high, as these values do not leave…
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Anonymous
Very good overview of the weekly steel market.
Anonymous