20
Apr
15:18
Downward trend continues in Turkish scrap market
Turkish mills are seen decreasing their domestic scrap buying prices gradually amid bearish sentiment in the market arising mostly from weak steel sales. Imported scrap prices are also following a downward trend, meanwhile, amid supply outpacing demand, Kallanish notes.
No fresh imported scrap booking was heard this week. The latest deal was heard to have been concluded from the UK at $619/tonne cfr for 15,000t of HMS 1&2 80:20, though neither party has&n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous