04
Oct
16:10
US-origin booking lifts Turkish scrap, but drop foreseen
Turkey has booked a solitary deep-sea scrap import cargo this week, which took prices slightly up on-week. However, various market participants tell Kallanish scrap prices are likely to fall considerably in the next round of bookings as Turkish domestic rebar demand is weak and winter is approaching.
The scrap cargo, from the US, was for 20,000 tonnes of HMS 1&2 80:20 at $327/tonne cfr Turkey, 7,000t of shredded at $332/t and 3,000t bonus at $337/t. This com…
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Anonymous
Very good overview of the weekly steel market.
Anonymous