Activity in Turkey’s imported scrap market remained slow last week as Turkish mills struggled to sell rebar and were forced to decrease their rebar prices, Kallanish notes.
While confirmed scrap deals remained limited, many rumours circulated the market. Rumours of both a US-origin deal at $480/tonne cfr Turkey and EU-origin deal at $445/t cfr were denied by the parties involved. The latest confirmed booking stood at $460/t cfr for Baltic-origin HMS 1&2 …
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