05
Jul
11:05
Turkish domestic scrap prices rise, imports pressured
Most Turkish mills have increased their domestic scrap buying prices this week following the Eid holiday. This is mostly a price correction due to the depreciating lira, Kallanish notes.
Imported scrap prices, on the other hand, remain under pressure due to falling steel values in Turkey. Turkish mills are facing weak rebar demand in the first week following a long Eid break and are being forced to decrease their rebar quotes. This is causing them to follow a caut…
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Anonymous
Very good overview of the weekly steel market.
Anonymous