31
May
20:06
Turkish scrap sinks as US duty optimism fades
Turkish scrap import prices dropped back down last week as the optimism surrounding the US’ reduction of duty on Turkish steel subsided quickly. Mills held rebar export quotes steady and at least one sale was concluded to Southeast Asia despite subdued buying interest there, market participants tell Kallanish.
Following a Baltic-origin deal with HMS 1&2 80:20 priced at $306/tonne cfr Turkey and US-origin cargo with HMS 1&2 90:10 at $313/t booked at…
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Anonymous
Very good overview of the weekly steel market.
Anonymous