15
Mar
14:59
Turkish scrap market remains slow amid global bearishness
Turkish mills’ scrap demand did not recover last week despite mills’ ongoing requirement for April-shipment cargoes. This was mostly due to collapsing prices in China, which hastened the weak sentiment in the global market.
Only two bookings were heard in the market last week, at $378/tonne cfr Turkey for Baltic-origin HMS 1&2 80:20. Resisting prices at above $380/t cfr, mills bought from suppliers that were prepared to sell at below.
On Fr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous