11
Nov
17:13
Turkish domestic scrap remains mostly unchanged, hikes foreseen
Most Turkish steelmakers have kept their scrap buying prices unchanged on-week, despite the further increase in import prices. This is mostly due to the stronger lira this week.
Imported scrap prices have increased up to $306.5/tonne cfr for HMS 1&2 80:20 on the latest scrap booking from the US. Suppliers are now targeting higher prices and most have withdrawn their offers from the market. (see seperate Kallanish story).
High volatility in exchange rates cont…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous