11
Jul
15:38
Turkish scrap seeks direction, mills' rebar hike fails
The Turkish scrap market has quietened after a lower-priced UK-origin booking earlier this week left participants searching for market direction. Turkish mills have been unable to achieve their desired rebar price hikes due to very weak demand, and are more likely to accept previous, lower levels, sources tell Kallanish.
The solitary scrap booking this week was for 20,000 tonnes of HMS 1&2 80:20 at $288/tonne cfr Turkey, down over $10/t from US and Baltic ca…
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Anonymous
Very good overview of the weekly steel market.
Anonymous