07
May
16:50
Turkish scrap approaches $500/t, steel prices skyrocketing
Following the latest scrap booking on Thursday, from Sweden, scrap suppliers further increased their offer prices on Friday.
The Swedish-origin deal was concluded by a long steel producer at $488/tonne cfr Turkey for HMS 1&2 80:20 and $498/t cfr for shredded and bonus grade. On the same day, numerous Baltic-origin bookings were concluded at $479-480/t cfr. Following the latest deal at $488/t cfr, scrap prices have taken one step closer to the $500/t cfr thresh…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous