21
Mar
14:32
Turkish scrap market remains depressed amid imbalanced supply/demand
Imported scrap prices in Turkey remain under pressure and are showing signs of softening amid supply outpacing demand.
Turkish mills’ demand for scrap is lacklustre due to the bearish sentiment in steel markets. Turkish long steel producers are struggling to sell in both export and domestic markets. With this exerting pressure on rebar prices and causing them to slide, mills are keeping their scrap purchases on hold.
On the other hand, the number of offers …
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Anonymous
Very good overview of the weekly steel market.
Anonymous