06
Dec
15:27
Market expects Benelux scrap to follow Turkey downtrend
Dock prices in the Benelux remained mostly stable last week despite further pressure exporters have faced in the Turkish scrap market.
Following US and Baltic bookings at $485/tonne and $480/t cfr Turkey respectively for HMS 1&2 80:20, Turkish steelmakers have further decreased their price ideas for European material.
Although there were EU-origin HMS 1&2 80:20 offers at $475/t cfr levels last week, Turkish buyers have either not shown interest, or gave b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous