08
Aug
16:33
Turkish scrap, rebar softens on eve of holiday
Turkish scrap import and rebar export prices declined slightly this week as market activity remained subdued in the run-up to next week’s Bayram holiday during which market participants will be off work.
Only one deep-sea scrap cargo has been reported booked so far this week, from the US for 20,000 tonnes of HMS 1&2 90:10 and 20,000t shredded at average $294/tonne cfr Turkey (see Kallanish passim). This equates to $290/t for HMS 80:20 and takes sc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous