13
Oct
14:44
Crazy increases continue in Turkish scrap market
Turkish mills have further increased their domestic scrap buying prices this week, Kallanish notes. This is mainly because of the weakening lira and sharp increases seen in imported scrap prices over the last two weeks.
Mills are continuing to buy imported scrap at higher prices, meanwhile. Following the Baltic-origin booking at $463/tonne cfr Turkey for HMS 1&2 80:20 on Monday, a long steel mill bought another Baltic-origin cargo on Tuesday comprisi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous