19
Apr
14:54
Turkish scrap continues downtrend despite improved demand
Turkish mills are mostly keeping their domestic scrap buying prices unchanged since last week, Kallanish notes. However, values are falling gradually each day on a dollar basis due to the continuing depreciation of the lira.
Following two US-origin deals towards the end of last week, another US-origin booking was heard in the market done on 14 April at $426/tonne cfr Turkey for HMS 1&2 80:20.
Although there are rumours of a Baltic sale at $415/t cfr Turkey th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous