Tag: Turkey imported scrap bookings
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Turkey: Increasing steel demand likely to boost imported scrap prices further
Imported scrap prices in Turkey have increased by $15-20/t w-o-w in recently concluded deals. Market participants believe that prices may get a clear direction once China comes back to restock cargo after the CNY holidays. SteelMint’s assessment for US origin HMS 1&2 (80:20) now stands at $418/t CFR Turkey. In a recently concluded deal, around…