19
Nov
15:56
Turkish scrap jumps further, supported by rebar demand
Turkish scrap import prices have risen further throughout the week, buoyed by strong Turkish rebar export sales, continued strength in China’s steel market and restricted scrap availability going into winter.
Following their circa $15/tonne jump at the beginning of this week, transaction prices have risen by approximately $10/t further in recent days. A Baltic supplier sold HMS 1&2 80:20 at $329/t cfr Turkey, with an EU merchant simultaneously selling th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous