Turkish buyers said going hungry for ferrous

Aug 12, 2005 | 09:59 AM | Ben Garside

Turkish ferrous scrap buyers are finding material increasingly hard to find as sellers hold off in a rising market and mills in the United States and Europe grab much of what is available close to home.

"The market is unbelievable at the moment," one Turkish scrap buyer said. "We are interested in buying but we are unable to get the material because sellers are comfortable holding off and waiting for a further price increase."

He said he had not seen any cargoes booked in the past week, and does not expect to see mixed cargoes of No. 1 and No. 2 heavy melting steel scrap to be booked for delivery to Turkey at less than $245 to $250 per tonne.....

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