02
May
14:52
Turkish scrap sentiment weakens further, rebar silent
Turkish mills’ scrap bids have dropped back down to $300/tonne cfr after two fresh US-origin deals were reported this week at lower prices. Some mills were also heard to have reduced rebar export quotes, but demand continued to be weak, market participants tell Kallanish.
The two US scrap deals were from separate suppliers to different mills. One had HMS 1&2 90:10 priced at $305.5/t cfr Turkey, shredded at $308.5/t and bonus at $313.5/t, while the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous