02
Nov
12:10
Turkish domestic scrap falls, imports to follow
Turkish mills are seen decreasing their domestic scrap buying prices amid unfavourable conditions in steel markets, Kallanish notes.
Mills are suffering from high energy and scrap costs, and weak steel sales, which is squeezing their margins. As a result, some producers have directed their purchases towards cheap imported billet, at around $515-530/tonne cfr Turkey, depending on origin, while others are halting production as they have no margin to afford current s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous