28
Jul
16:21
Downward trend continues in Turkey's scrap market
Some Turkish mills have decreased their domestic scrap buying prices, while imported scrap prices also continue to decline.
Slightly heavier supply than demand is causing scrap prices to continue declining. With Turkish mills confidently halting their purchases, the pressure on scrap prices is rising.
One Turkish mill bought 10,000 tonnes of HMS 1&2 80:20 at $475/tonne, 25,000t of shredded at $495/t and 15,000t of bonus grade at $495/t cfr Turkey at the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous