Turkish scrap buyers return with a flourish
Oct 31, 2008 | 12:05 PM
| Michael Marley
Turkish steelmakers have bought 18 cargoes of scrap in the past week from U.S., British and northern European exporters, all to be shipped in November.
Industry sources said that several Turkish steelmakers had returned to the international ferrous scrap market en masse and estimated the tonnages purchased in the buying blitz to be between 500,000 and 600,000 tonnes.
One exporter said he did not believe the buying reflected a strong rebound in demand for rebar and other finished steel products produced by the mills. "The Turks have gotten a few small orders in the past few weeks for rebar," he said, "but their morale is still pretty low."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here