26
Jul
15:18
Turkish scrap remains depressed on fresh UK deal
Most Turkish mills have kept their domestic scrap buying prices stable since last week, while imported scrap values continue to fall.
On Tuesday, a Marmara mill bought UK-origin HMS 1&2 80:20 at $346/tonne cfr Turkey for August shipment. This points to a further decline in scrap prices, although suppliers were trying to remain firm.
Almost all European suppliers have tried selling HMS 1&2 80:20 at $350-355/t cfr, while US suppliers were targeting to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous