11
May
15:55
Turkish domestic scrap falls sharply following imports
Turkish mills have decreased their domestic scrap buying prices sharply this week due to the steep fall in imported scrap prices and weak finished steel demand, Kallanish notes.
No fresh imported scrap booking was heard on Wednesday following a western Turkish mill's booking of three deep-sea cargoes on Tuesday. The mill concluded US, UK and Baltic-origin cargoes for HMS 1&2 80:20 at $480-490/tonne cfr Turkey (see Kallanish passim).
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Anonymous
Very good overview of the weekly steel market.
Anonymous