13
Mar
14:51
Turkish domestic scrap falls despite stabilised imports
Some Turkish mills have decreased their domestic scrap buying prices since last week despite the acceleration of the lira weakening versus the dollar and correction seen in imported scrap prices, Kallanish notes. This is mostly due to the bearish sentiment prevailing in the market amid weak steel sales and China bearishness.
No fresh deal was heard in the market on Wednesday, following the EU booking concluded at $377.5/tonne for HMS 1&2 80:20 and $397.5/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous