20
Oct
13:44
Turkish scrap continues meteoric rise
All Turkish mills have sharply increased domestic scrap buying prices this week, Kallanish notes, mainly because of the further lira weakening and continuing increase in imported scrap prices.
Following numerous bookings last week, most mills are taking a break from scrap import purchases this week. They are focusing on finished steel sales before continuing to buy December-shipment deep-sea scrap cargoes. Only one deep-sea scrap booking is heard so far …
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Anonymous
Very good overview of the weekly steel market.
Anonymous