Author: Deepika Singh

The US-origin cargo containing 22,500 t HMS 1&2 (80:20) was booked at $485/t CFR Turkey by a West Marmara-based Turkish steel mill, SteelMint learned. Prices have fallen by $5-10/t on a d-o-d basis as mills were holding back bookings on bearish market sentiments. The Turkish lira continues to weaken against the US dollar ($) and…