08
Nov
14:24
Bearish sentiment continues to pressure Turkish scrap prices
Prices in Turkey’s scrap import market continue to remain under pressure amid weak demand and low-priced imported billet offers.
The latest booking from the US was concluded at $350/tonne cfr Turkey last Friday, versus $353-354/t earlier last week, while short-sea scrap was booked at $320/t cfr Marmara.
Although a western Turkish mill concluded several imported scrap bookings last week, other mills’ appetite for purchases remains low.
On the o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous