27
Jul
10:09
Turkish domestic scrap falls, excess European supply feared
Despite the further weakening of the lira against the dollar, almost all Turkish steelmakers have decreased their domestic scrap buying prices since last week, Kallanish notes. This is mostly the result of falling imported scrap prices.
Import prices fell sharply since last week due to the imbalance between supply and demand. A high number of scrap offers in the market versus Turkish mills' low appetite for scrap purchases caused import values t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous