26
May
15:41
Turkish scrap continues rebound, market doubts sustainability
Following deep-sea bookings at elevated levels last week, scrap suppliers are seen to have further increased their offer prices in Turkey.
Premium HMS 1&2 80:20 prices, which were at $375/tonne cfr Turkey in the week through 19 May, registered rises on deep-sea bookings last week (see Kallanish passim).
Following these bookings from the EU and the US at $378-380.5/t cfr for HMS 1&2 80:20 in mid-week, on Friday a western mill is confirmed to have bought a …
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Anonymous
Very good overview of the weekly steel market.
Anonymous