31
Jan
16:02
Turkish scrap soars, rebar remains languishing
Turkish mills have concluded an array of deep-sea scrap bookings this week and over last weekend that have taken prices up to their highest level since last November. Despite some reports of a limited pick-up in domestic stockist buying, rebar export demand remains minimal, notwithstanding mills’ increased offers.
The latest two scrap bookings reported were both from the US for February shipment. One was for HMS 1&2 80:20 at $315/tonne cfr Turkey, the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous