02
Jun
12:18
Turkish mills reduce domestic scrap as supply eases
Turkish steelmakers have decreased their domestic scrap buying prices this week due to the fall in imported scrap prices.
Import prices are under pressure due to a large number of offers in the market. Although there was a rumour of a UK-origin booking at $505/tonne cfr Turkey for HMS 1&2 80:20 and $520/t cfr for shredded, the seller refused to confirm. In any case, some market participants do not find this level workable following the latest US-origin HM…
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Anonymous
Very good overview of the weekly steel market.
Anonymous