16
May
16:13
Bearish sentiment pressures Benelux scrap prices further
Scrap prices in the Benelux have decreased further amid bearish sentiment in the global scrap and steel markets.
Although Benelux scrap exporters were hoping to see a revival in Turkey’s scrap demand after the Eid holiday, this has not materialised. On the contrary, sentiment has turned completely bearish in Turkey due to very weak steel sales.
Following a mill’s booking of three deep-sea cargoes at the beginning of last week, most market participant…
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Anonymous
Very good overview of the weekly steel market.
Anonymous