Fri, July, 2011
Turkish buyers have postponed purchasing for consecutive two weeks due to poor sales of rebar and billet. At the same time, the scrap prices have declined in Turkey’s domestic market.
It’s known that the US mills offered the HMS scrap 80:20 (1&2) quoted at USD 480 per tonne C&F but the prices were unfavorable to Turkish buyers. Besides, the European mills cut the export quotes of HMS scrap 70:30 (1&2) by USD 20 per tonne to USD 439 per tonne C&F to Turkey.
However, it’s said that Turkey may return to purchase soon as the sales of rebar and billet has risen slightly. This week, some US and European scrap suppliers have started to negotiate the prices with Turkish buyers. It’s predicted that US and European mills might give in to Turkish buyers’ bid prices to activate the purchase. (sourced from YIEH)
Turkish buyers have postponed purchasing for consecutive two weeks due to poor sales of rebar and billet. At the same time, the scrap prices have declined in Turkey’s domestic market.
It’s known that the US mills offered the HMS scrap 80:20 (1&2) quoted at USD 480 per tonne C&F but the prices were unfavorable to Turkish buyers. Besides, the European mills cut the export quotes of HMS scrap 70:30 (1&2) by USD 20 per tonne to USD 439 per tonne C&F to Turkey.
However, it’s said that Turkey may return to purchase soon as the sales of rebar and billet has risen slightly. This week, some US and European scrap suppliers have started to negotiate the prices with Turkish buyers. It’s predicted that US and European mills might give in to Turkish buyers’ bid prices to activate the purchase. (sourced from YIEH)
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