16
Sep
15:30
Impasse prevails in Turkish scrap market
Turkey’s scrap market had a quiet week in terms of imported scrap trade, while both buyers and scrap suppliers were seen resisting prices.
Suppliers of premium HMS 1&2 80:20 resist selling at below $350/tonne cfr Turkey, while Turkish producers do not find this level acceptable amid pressured rebar prices and high production costs. While mills think scrap should fall to the low $300s cfr levels, considering the rebar market, they are refusing to buy at …
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Anonymous
Very good overview of the weekly steel market.
Anonymous