27
May
14:52
Weak demand pressures Turkish scrap prices
Following a few deals earlier in the week, Turkish mills’ scrap demand weakened again towards the end of last week due to the slowdown seen in finished steel demand, Kallanish notes.
On Friday, a single booking concluded a day earlier was heard in the market. A southern Turkish mill is heard to have booked an EU-origin cargo comprising HMS 1&2 80:20 at $446/tonne and bonus grade at $471/t cfr Turkey.
While Turkish mills’ demand remains weak, ther…
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Anonymous
Very good overview of the weekly steel market.
Anonymous