08
Jul
13:56
Turkish mills continue buying scrap at higher prices
Following the bounce in scrap prices on Thursday, Turkish mills continued to buy imported scrap cargoes at roughly similar levels before the beginning of the ten-day Eid holiday.
Bookings from the US, UK and Baltic were heard in the market on Friday, Kallanish notes.
A Marmara mill bought two cargoes, from the US at $408/tonne cfr Turkey and Baltic at $407/t cfr, for HMS 1&2 80:20. Another mill in the same region bought a UK-origin cargo comprising 6,000 tonn…
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Anonymous
Very good overview of the weekly steel market.
Anonymous