05
Mar
17:34
Turkish scrap market foresees continuing price decline
Oversupply continues to weigh on prices in the Turkish scrap market.
A booking done 1 March was heard in the market on Tuesday. A western Turkish mill bought EU-origin HMS 1&2 80:20 at $381/tonne and shredded at $401/t cfr Turkey. Although the mill is heard to have bought another deep-sea cargo, the origin and price are yet to be confirmed. The EU deal price is no longer valid as there were already offers at lower levels on Tuesday.
The number of offers in th…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous