25
Jan
14:44
Turkish scrap continues rise, suppliers eye further hikes
Scrap prices in Turkey continued to rise on Wednesday, while suppliers are seen targeting even higher values, Kallanish notes.
Benelux-origin scrap was bought by a northern Turkish mill on Tuesday at $407/tonne for HMS 1&2 80:20 and $428/t cfr Turkey for shredded and bonus grades. On Wednesday, a southern mill bought US-origin HMS 1&2 90:10 at $415.5/t cfr.
Benelux suppliers are now seen targeting to sell at above $410/t cfr as domestic suppliers in the r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous