28
Dec
09:25
Turkish domestic scrap edges up amid firm market
Most Turkish mills increased their domestic scrap buying prices last week amid firm imported scrap prices and strong domestic rebar demand, Kallanish notes.
With no import offers available in the market amid holidays in the last week of the year, a Turkish mill was forced to pay an elevated price for a cargo, lifting prices closer towards $400/tonne cfr Turkey (see separate story).
Besides tight supply, scrap prices are likely to find support from increasing dome…
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Anonymous
Very good overview of the weekly steel market.
Anonymous