15
May
15:34
US scrap market eyes Turkey after May downswing
The US scrap market is eyeing post-election developments in Turkey after registering significant price falls during May trading, Kallanish notes.
After a long-lasting silence and price pressure in Turkey, US scrap prices could not avoid falling despite an improvement in Turkish scrap demand last week. May-settled prices were mostly hit by supply and demand imbalance. Consequently, shredded scrap prices decreased by $40-50/gross ton from April across the US, while …
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Anonymous
Very good overview of the weekly steel market.
Anonymous