17
Oct
20:17
Turkish scrap prices increase further with fresh deals
Turkish mills have concluded an array of scrap bookings at higher prices this week. The lack of short-sea material has directed Turkish mills to deep-sea suppliers, leading deep-sea merchants to increase their quotes, Kallanish notes.
A Turkish mill bought two ex-US scrap cargoes, one with HMS 90:10 at $246/tonne and shredded at $249/t cfr Turkey. The other cargo from the US consists of 12,000 tonnes of HMS 80:20 at $244/t, 8,000t of shredded at $249/t and 12,00…
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Anonymous
Very good overview of the weekly steel market.
Anonymous