07
Feb
12:01
Turkish domestic scrap rises amid lira depreciation
Almost all Turkish mills have increased their domestic scrap buying prices since last week, although imported scrap prices fell. Price hikes were mostly to compensate for the continuing depreciation of the lira.
No imported scrap booking was heard on Wednesday.
The latest booking was confirmed on Tuesday at $421/t cfr for Denmark-origin HMS 1&2 80:20 85:15, as previously reported by Kallanish..
Fresh offers from both the EU and the US stand at $420-425/t cfr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous