15
Mar
14:47
Uptrend becomes more unlikely in Turkish scrap market
Scrap prices in Turkey are seen to have stabilised in both the domestic and import markets, Kallanish notes.
The high number of imported scrap offers in the market is seen preventing prices from reaching suppliers' target levels. A single booking was heard in the market on Wednesday. A Baltic supplier sold HMS 1&2 80:20 at $460/tonne cfr Turkey. While this points to a stabilised trend, it also proves that two Turkish mills accepted to pay a premium for Can…
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Anonymous
Very good overview of the weekly steel market.
Anonymous