31
Mar
15:44
Turkish scrap remains depressed amid non-existent demand
Business activity in the Turkish scrap market remained almost zero throughout last week as Turkish mills saw no improvement in their steel sales and continued to halt scrap purchases.
Besides a few short-sea deals, a single deep-sea booking was confirmed last week. A western long and flat steel mill bought Denmark-origin HMS 1&2 80:20 at $439/tonne cfr Turkey. Short-sea prices, meanwhile, decreased to $400/t cfr on the latest booking from $410/t cfr earlier in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous