27
Jul
15:27
Turkish scrap prices likely to fall further
Turkish steel producers’ demand for scrap is yet to recover following their return from a one-week holiday.
Although their requirement for August-shipment scrap purchases is yet to be fully satisfied, they are not rushing to conclude new bookings. This is because they initially want to have a clear picture of rebar demand and they are not worried about scrap supply as there are sufficient scrap cargoes in the market.
On Tuesday, there was a rumour of a Balt…
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Anonymous
Very good overview of the weekly steel market.
Anonymous