26
Oct
15:52
Turkish scrap market weakens amid uncertainty
Turkish mills’ demand for scrap purchases is weak due to increased uncertainty amid the lira depreciation.
Scrap suppliers foresee no decrease in prices, but mills are expecting prices to soften.
On Tuesday, the US supplier who decreased its offer for HMS 1&2 95:5 from $520/tonne to $515/t cfr on Monday is heard to have sold at average $512.5/t cfr Turkey. This is for 20,000 tonnes of HMS 1&2 90:10 and 10,000t of shredded. The HMS 1&2 80:20 pric…
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Anonymous
Very good overview of the weekly steel market.
Anonymous