06
Jan
16:10
Germany expects scrap prices to surge further
Sources at German scrap merchants and mills believe that the surge in scrap prices will continue, pushed up primarily by high order activity from Turkey.
“The Turks have a high steel production level, and I hear of several ship cargoes books already for February production that could easily amount to half a million tonnes,” Kallanish hears from a buyer at a major mill. One trader refers to a recent sale to Turkey for $270/tonne and concludes that…
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Anonymous
Very good overview of the weekly steel market.
Anonymous