10
May
16:50
Turkish HRC corrects to year-ago level, buyers unmoved
Turkey’s hot rolled coil market sentiment continues to plunge without any sales taking place as market participants remain on the fence observing the price correction, Kallanish notes.
Participants came back to the market last week after Eid to witness one of the sharpest scrap price corrections in several years. The Kallanish assessment of HMS 1/2 80:20 premium scrap into Turkey dropped $162.50/tonne in six weeks, from $655/t cfr on 28 March to $492.50/t cf…
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Anonymous
Very good overview of the weekly steel market.
Anonymous