09
Jun
14:57
Turkish producers look to domestic scrap
Turkish steelmakers have increased their domestic scrap buying prices this week in order to procure higher volumes from their domestic market.
Having failed to reach targeted prices in the scrap import market, Turkish mills have increased demand for domestic scrap. Although they were willing to buy HMS 1&2 80:20 at $490/tonne cfr Turkey levels, they have faced resistance from imported scrap suppliers due to firm domestic markets in the EU and US.
As a result …
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Anonymous
Very good overview of the weekly steel market.
Anonymous