24
Nov
15:00
Turkish domestic scrap rises, imports mostly stabilised
Turkish mills are increasing their domestic scrap buying prices in order to offset the lira's depreciation. Imported scrap prices, meanwhile, are seen remaining strong on fresh bookings, Kallanish notes.
Four fresh imported scrap bookings were heard on Wednesday. A Turkish mill in the south has bought an EU-origin scrap cargo comprising 20,000 tonnes of HMS 1&2 80:20, 10,000t of shredded and 10,000t of bonus grade at $499/tonne cfr Turkey. Another mill in …
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Anonymous
Very good overview of the weekly steel market.
Anonymous