28
Jun
16:52
Turkish scrap rebounds, mills lift rebar quotes
Turkish scrap prices rebounded at the end of last week, as anticipated, following a UK-origin cargo booking. Mills raised rebar export quotes after selling consignments to Southeast Asia and Latin America, market participants tell Kallanish.
There was zero action in the scrap market last week until Friday, as mills and scrap merchants bided their time to gauge the market level following scrap’s fall to around $280/tonne cfr Turkey earlier in June. But sour…
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Anonymous
Very good overview of the weekly steel market.
Anonymous