Copying and distributing are prohibited without permission of the publisher

Cfr Turkish ferrous scrap rises on growing buyer interest

March 08, 2010 - 00:00 GMT

Problems - ‘It is not possible to buy scrap at these levels while debar is so low’

Turkish import prices for ferrous scrap continue to rally, rising by as much as $22 in a week for several grades as more cargoes were booked and supply remained tight, merchants told MB. The price increase was due to higher international prices, better buying interest from Turkey and tighter...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


subscribe to this feed Comment & analysis

  • COMMENT: When super-cycle poster child BHP Billiton trims its plans...

    BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.

  • LORD COPPER: There is nothing to fear after JP Morgan loss ...

    So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.

  • COMMENT: Keep calm and carry on?

    The decision of the Indonesian government last week to uphold the ore export ban and taxes from May 6 has failed to calm the nervous market. So far, both producers and buyers have displayed an impressive tolerance level to the export uncertainty. But how long will their patience last?

Upcoming Events