27
Jun
16:28
US scrap foresees weak July despite Turkey deal
Approaching July trading, US market participants are seen expecting higher losses in domestic scrap prices due to pressure in export destinations, specifically in Turkey, the largest market.
A US merchant was confirmed late on Monday concluding a deal at $330/tonne cfr Turkey for HMS 1&2 80:20, down from the previous US sale the week before last at $368/t cfr.
Although US suppliers were hoping to sell at higher values, at above $340/t cfr, these levels have n…
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