DAILY STEEL SCRAP: Turkish steelmakers to book more scrap for December

October 20, 2021 / www.metalbulletin.com / Article Link

There were no deep-sea bookings by Turkish steel mills on Tuesday October 19, but sources expect mills to book more cargoes for December amid strong demand for billet and rebar, market participants told Fastmarkets.

The most recent deep-sea trade was recorded on Monday October 18, when a steel mill in the Iskenderun region booked a Baltic Sea cargo consisting of 6,500 tonnes HMS 1&2 (95:5) at $512 per tonne cfr.
However, market sources believed that Turkish steelmakers will need more cargoes for December shipments because they sold good volumes of billet and rebar to domestic and export markets in the reported week.

Long steel...

Recent News

Bullish bankers and bearish institutions split on gold forecasts

July 01, 2024 / www.canadianminingreport.com

Gold stocks down on flat metal price and mixed equities

July 01, 2024 / www.canadianminingreport.com

Snowline Gold reports Initial Resource Estimate

June 24, 2024 / www.canadianminingreport.com

Inflation subsiding and rate cuts starting internationally

June 24, 2024 / www.canadianminingreport.com

Inflation rebound continues to reverse

June 17, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok