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21 Jan

Turkish scrap falls further as panic sets in

Turkish scrap prices have continued to tumble in the second half of this week, making the correction look more like a collapse. This has scrap suppliers in a panic, with mills biding their time before making further purchases, market participants tell Kallanish. The latest deal booked Wednesday was from the Baltic at $440/tonne cfr Turkey for HMS 1&2 80:20, $445/t for shredded and $450/t for bonus. This follows HMS 80:20 booked on Monday from the US at $4…
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Adam Smith  |  Poland
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