29
Nov
14:16
Steel rebound supports Turkish scrap, suppliers eye hikes
Scrap prices in Turkey are seen continuing to rise as suppliers are targeting higher values amid improved global sentiment.
Following the latest US-origin booking at $360/tonne cfr Turkey for HMS 1&2 80:20 and $380/t for shredded and bonus grade at the end of last week, a Baltic supplier is confirmed to have sold 20,000 tonnes this week of HMS 1&2 80:20 at $366/t and 10,000t of bonus at $386/t cfr for December shipment. Scrap suppliers are eyeing even…
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Anonymous
Very good overview of the weekly steel market.
Anonymous