DAILY SCRAP REPORT: Mills still wait for finished steel demand before buying scrap

Turkish steel producers continued holding back from the deep-sea scrap markets on Tuesday February 26 because of the weak demand for their finished steel products in the country’s domestic and export markets.

The steel producers in the country went quiet at the end of last week after booking a Baltic Sea cargo, which sent prices down by $20 per tonne week on week. “Turkish producers are not in very urgent need of scrap,” a Turkish source...

Published

Cem Turken

February 26, 2019

16:10 GMT

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