12
Apr
15:42
Turkish scrap slides amid weak sentiment
A few Turkish mills have decreased their domestic scrap buying prices since last week despite the continuing depreciation of the lira, Kallanish notes. Some mills have meanwhile started buying imported scrap.
Following two US-origin deals since last Friday, a western Turkish long steel mill bought EU-origin HMS 1&2 80:20 at $427.5/tonne cfr Turkey on Tuesday.
Although the buyer was aiming to purchase European material at a lower price, the US cargoes&rs…
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