28
Aug
18:59
Turks bargain hard after low-priced US scrap deal
A fresh US-origin deal has taken Turkish scrap import prices down yet further this week following their unexpected collapse at the end of last week. The optimism surrounding Turkey’s rebar sales to the US last week has faded this week on persistently weak demand.
The US cargo comprised 42,000 tonnes for September shipment, with HMS 1&2 80:20 priced at $270/tonne cfr Turkey and shredded at $275/t. This followed the US deal at the end of last week for 22…
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Anonymous
Very good overview of the weekly steel market.
Anonymous