26
May
12:06
Oversupply forces down Turkish scrap prices
Turkish mills' domestic scrap buying prices have started softening as some mills have decreased their prices this week. Scrap oversupply in the market is effecting the decreases, Kallanish observes.
A Turkish domestic scrap supplier says: “As high prices have attracted sellers, the volume in the domestic market has increased significantly. This, coupled with the correction expectation in imported scrap prices, has caused mills to decrease domestic scrap …
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Anonymous
Very good overview of the weekly steel market.
Anonymous