By Vibin Antony
Turkish HMS 1/2 80:20 scrap import prices (CFR Iskenderun Port, Turkey) advanced by $8 a ton week-on-week to $251 a ton during last week as the market rebounded from recent heavy price falls.
According to the Steel Index, lower collection rates, combined with an up-tick in demand from mills looking to replenish depleted stockpiles, has resulted in more competition for cargoes and thus higher prices.
This comes despite iron ore prices falling to new 6-year lows this week and finished steel sales seeing little noticeable improvement.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
Turkish HMS 1/2 80:20 scrap import prices (CFR Iskenderun Port, Turkey) advanced by $8 a ton week-on-week to $251 a ton during last week as the market rebounded from recent heavy price falls.
According to the Steel Index, lower collection rates, combined with an up-tick in demand from mills looking to replenish depleted stockpiles, has resulted in more competition for cargoes and thus higher prices.
This comes despite iron ore prices falling to new 6-year lows this week and finished steel sales seeing little noticeable improvement.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
No comments:
Post a Comment