Turkey

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This was the consecutive week, in which Turkey 's scrap import prices fell down by USD 8-10/MT and global billet market witnessed yet another dull week. Although it was not surprising for the marketers, the market acted exactly in line with the expected resonance
News ID: 4838    Publish Date : 2019/06/18

Global ferrous scrap markets witnessed downtrend in all the major markets amid limited demand this week. Further price correction in Turkey pulled down global ferrous scrap offers also for South Asian and East Asian markets.
News ID: 4834    Publish Date : 2019/06/18

Turkey 's Finish Steel exports down by around 14% M-o-M in Apr'19, as per fresh released data by custom department.
News ID: 4823    Publish Date : 2019/06/15

SteelMint learned from industry participants that Turkish steel mills have continued fresh deep sea cargo bookings to take advantage of low global offers. Prices have moved down further by USD 5-6/MT against that of reported in the beginning of this week.
News ID: 4822    Publish Date : 2019/06/15

SteelMint learned from industry participants that Turkish steel mills have observed fresh deals as US suppliers returned into the market after short pause towards the closing last week. Activities remained very limited on public Eid holidays during last week while imported scrap prices moved down USD 5-6/MT on W-o-W basis as global sentiments remained dull.
News ID: 4811    Publish Date : 2019/06/11

Billet export offers from CIS nations weakened following drop in scrap prices. Turkey ’s scrap import prices witnessed a decline this week; a drop of USD 8-10 is reported against last week. SteelMint’s assessment for US origin HMS (80:20) stands at USD 304/MT, CFR Turkey , lower by around USD 8- 10 against last week. This drop is weakening the billet trade sentiments across the globe.
News ID: 4751    Publish Date : 2019/06/04

Salem Steel Plant (SSP), a unit of Steel Authority of India Limited (SAIL) - a government of India undertaking had floated a global tender for purchase of around 55,000 MT imported melting Shredded scrap on 21st Dec’18.
News ID: 4750    Publish Date : 2019/06/04

Iran and Turkey have finalized an agreement to restart direct train services between Tehran and Ankara and also to run tourist trains, an official announced.
News ID: 4738    Publish Date : 2019/06/03

Iran’s Ambassador to Turkey Mohammad Farazmand announced that Tehran and Ankara are working on a financial mechanism channel to bypass the US unilateral sanctions in a bid to prevent bilateral trade from falling victim to trans-regional players.
News ID: 4721    Publish Date : 2019/06/01

In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh witnessed further price hike this week, on account of last week’s strong buying activity in Turkey at further increased prices supported by the US Tariff cuts on finished steel imports from Turkey .
News ID: 4703    Publish Date : 2019/05/31

Iranian billet market has started recovering from dull sentiments and has picked up pace this week. According to SteelMint’s assessment, this is primarily due to the recent increase in Turkey ’s scrap import prices, which witnessed a hike of USD 10/MT, yesterday against last week.
News ID: 4643    Publish Date : 2019/05/26

Turkey has closed its ports to Iranian oil, fully complying with US sanctions against its main supplier, despite Ankara publicly criticizing the United States’ move to end import waivers and warning of a struggle to tap alternative producers.
News ID: 4630    Publish Date : 2019/05/23

US tariff cuts on steel imports from Turkey has started strengthening the trade sentiment in CIS nations, effects can be witnessed with recent billet export indications from CIS nations, which was reported to be USD 420-423/MT, FoB Black Sea. This is higher against last week offers of USD 410-415/MT, FoB Black Sea.
News ID: 4625    Publish Date : 2019/05/22

Billet export offers from CIS nations gain softness: Ramadan holidays have increased the dullness intensity of trades from CIS nations.
News ID: 4597    Publish Date : 2019/05/20

Global scrap prices witnessed mixed trends this week. Prices continued downtrend following low demand in most of the markets except, Turkey . Following lowering of tariffs from earlier 50% to 25% on Turkey steel products by the US government, recovery in global scrap prices is expected in the upcoming days.
News ID: 4591    Publish Date : 2019/05/20

SteelMint learned from industry participants that Turkish steel mills have recently concluded more deals at further corrected prices. Steel mills seem to have actively booked deep sea cargoes comprising around 150,000 MT scrap as they achieved desired offer levels from suppliers.
News ID: 4540    Publish Date : 2019/05/16

Eastern India based pellet maker - Brahmani River Pellets has recently concluded pellet export deal to Turkey , SteelMint learned from market sources.
News ID: 4539    Publish Date : 2019/05/16

Global scrap prices exhibited downward movement on low demand this week. Turkey -based importers witnessed limited deals amid expectation of a further correction and subdued finish steel demand.
News ID: 4492    Publish Date : 2019/05/10

SteelMint learned from industry participants that imported scrap trades in Turkey have remained limited successively for the second week amid no news of considerable recovery in finished steel demand.
News ID: 4457    Publish Date : 2019/05/09

Global scrap prices showed mixed trends this week. Turkey scrap prices improved on increased demand for restocking ahead Ramadan. It is likely to keep prices supported but upside seems limited.
News ID: 4405    Publish Date : 2019/05/04

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