17
Sep
13:54
Turkish scrap market becalms as deals evaporate
The Turkish scrap market has fallen silent and neither sellers nor buyers have the appetite to conclude deals, Kallanish notes.
There are two sets of opposing views on the direction of scrap prices in the market. While some believe that prices are very close to the bottom, others think prices will not recover unless Turkish mills see some significant development in rebar sales.
Although it has been heard that there is an offer below $230/tonne cfr from an EU …
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Anonymous
Very good overview of the weekly steel market.
Anonymous