29
Nov
15:20
Turkish scrap silent as rebar pressure deepens
Turkish scrap imports have fallen silent this week as mounting concerns over the global trade war and China’s return to the export market put severe downward pressure on Turkish rebar prices, market participants tell Kallanish. Scrap suppliers were, however, more relaxed due to the continuation of supply constraints.
US and European scrap merchants are offering at $320-325/tonne and $315/t cfr Turkey respectively. However, with little rebar demand from exp…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous