27
Apr
15:32
Turkish scrap drops further, market debates floor
Turkish mills are seen continuing to decrease their domestic scrap buying prices gradually amid bearish sentiment in the global finished steel market and falling imported scrap prices, Kallanish notes.
The pressure on imported scrap prices is seen increasing each day that Turkish mills continue to halt purchases.
A trader expects to see $500/tonne cfr Turkey levels for premium HMS 1&2 80:20 if Turkey remains out of the market until after …
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Anonymous
Very good overview of the weekly steel market.
Anonymous