19
Mar
15:06
Turkish scrap market remains quiet while monitoring China
Activity in the Turkish scrap market has demonstrated no recovery since the beginning of the week while Turkish mills observe the developments in China where volatility is high.
While Turkish mills’ interest in scrap purchases is lacking, no supplier is seen rushing to sell. The latest deal was concluded at the end of last week at $378.5/t cfr for HMS 1&2 80:20 from the US.
Suppliers are seen targeting prices above $380/t cfr while mills find these lev…
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Anonymous
Very good overview of the weekly steel market.
Anonymous