14
Aug
15:01
US scrap jumps sharply on fresh Turkish deal
Sentiment in the US scrap market has improved further following the fresh US-origin scrap booking in Turkey, the largest export destination, Kallanish notes.
Although most players in the US scrap market were already bullish about prices for September trading, especially for cut grades, they now see further rises as inevitable after the fresh US-origin booking in Turkey.
A Marmara mill bought a US-origin cargo comprising 23,000 tonnes of HMS 1&2 80:20 at $367/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous