17
Aug
17:12
Turkish scrap tumbles amid US trade spat
Turkish scrap import prices came crashing down last week in a flurry of bookings in the run-up to this week’s national holiday, as the lira briefly tumbled past 7 per dollar following Turkey’s trade spat with the US.
Baltic- and UK-origin cargoes were booked earlier in the week with HMS 1&2 80:20 values at $317/tonne cfr Turkey and $316/t respectively. A further Baltic-origin cargo was booked on Wednesday for 12,000 tonnes of HMS 80:20 at $306/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous