15
Nov
14:17
Downward trend continues in Turkish scrap market
Scrap prices in Turkey remain under pressure amid weak demand and falling steel values.
Following the latest booking at $334/tonne cfr Turkey from the EU towards the end of last week, no fresh deal has been confirmed so far this week. However, more deals at below $340/t cfr are heard to have been concluded and kept confidential. On Tuesday, there was a rumour of a US-origin deal at $328/t cfr for HMS 1&2 80:20, with the shredded premium at $10/t. This was how…
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Anonymous
Very good overview of the weekly steel market.
Anonymous