“This week started very quiet because the Chinese are off and because scrap [prices] dropped so fast, so much – everybody is cautious now,” one trader said.
China is officially on holiday until Thursday for the Chinese New Year. Turkish import prices for scrap fell $40-43 per tonne last week
Hot rolled coil
Metal Bulletin’s assessment of CIS HRC export prices was $480-490 per tonne fob Black Sea on Monday January 30, compared with $478-500 per tonne fob a week earlier....