01
Oct
13:43
EU, US see good scrap demand, Turkey concerns
Scrap demand in the European and US domestic markets remains strong, although concern is growing over the economic situation in the world’s largest scrap importer, Turkey.
“The situation in Turkey is worsening almost by the day with growing inflation, the lira’s depreciation and a lack of domestic demand; furthermore, an increasing number of Turkish mills are facing serious problems in opening letters of credit and sellers in getting those LCs …
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Anonymous
Very good overview of the weekly steel market.
Anonymous