28
Mar
15:51
Turkish scrap falls silent amid falling steel prices
Turkish mills’ appetite for scrap purchases remains weak amid subdued steel sales and falling prices. Although a Marmara mill returned to the market and concluded purchases of two US-origin cargoes at the end of last week, other mills remain out of the market.
The US cargoes concluded at $444/tonne for HMS 1&2 80:20 and $446/t cfr Turkey for HMS 1&2 85:15 (see Kallanish passim).
Although most market participants were expecting to see stronger deman…
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Anonymous
Very good overview of the weekly steel market.
Anonymous