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Global ferrous scrap availability has diminished to such an extent amid supply shutdowns caused by the coronavirus outbreak that Turkish mills are now finding it increasingly difficult to source new cargoes, limiting their ability to drive prices down further.
News ID: 8984    Publish Date : 2020/03/31

India's imported scrap market has remained mostly silent with buyers generally keeping away from concluding any deals. Offers for imported scrap remained more or less in a similar range, however, some participants believe in a likelihood of an upward movement in prices in the coming week, after a rise in Turkish prices this week.
News ID: 7958    Publish Date : 2019/11/29

Turkish steelmakers have maintained real term spreads between scrap purchases and rebar sales at around $170/t throughout November and December, despite the spread between current scrap and rebar prices dropping to below $150/t this week.
News ID: 7805    Publish Date : 2019/12/06

This was the consecutive week, when billet import offers in the region remained stable. However, amid supply tightness, Turkish imported scrap prices are keeping the billet export market sentiments supported in the region.
News ID: 7411    Publish Date : 2019/11/08

Although Turkish prices for imported scrap witnessed slight uptick, offers South Asian markets increased sharply however trades remained very weak on subdued domestic steel demand. Japan’s Tokyo Steel and China’s Shagang Steel not made price revisions this week.
News ID: 7372    Publish Date : 2019/11/02

Turkish steel consumption continues to lag significantly behind 2018, with exports also at risk of slowing significantly in the near term as protectionist measures bite, Turkish iron and steel producers' association secretary-general Veysel Yayan said today at an industry event in Istanbul.
News ID: 7286    Publish Date : 2019/11/06

Imported scrap offers to India moved up slightly this week against last week's report, following Turkish price trend, SteelMint learned from industry participants. Trades remain less active in containerized markets before the festival.
News ID: 7093    Publish Date : 2019/10/25

As per the latest updates, Trump government have reduced tariffs on steel imports coming from Turkey to 25% which was increased to 50% almost a week earlier. The government has removed all the other economic sanctions on Turkey on the grounds that the five days ceasefire in Syria had been successful and will remain permanent.
News ID: 7054    Publish Date : 2019/10/23

US President Donald Trump raised tariffs on imported steel products from Turkey back to 50pc in a sudden move this afternoon in response to Turkey's military incursion into northern Syria.
News ID: 6666    Publish Date : 2019/10/14

Excessive destocking continues to weigh on apparent demand in the European coil markets, with buyers nursing their inventories and postponing procurement for as long as possible.
News ID: 6622    Publish Date : 2019/10/11

Imports of Turkish and Indian strip mill products are on the agenda of European steel association Eurofer, market participants told Argus on the sidelines of Eurometal's Steel Trade Day in Rotterdam today.
News ID: 6588    Publish Date : 2019/10/09

SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan and Bangladesh have further dropped this week, as Turkish scrap prices continuing to decline in recent deep sea cargo bookings.
News ID: 6450    Publish Date : 2019/09/11

Luxembourg-based steelmaker ArcelorMittal is implementing a price increase of €30/t across Europe, pinning its hot-rolled coils (HRCs) offer at €510/t ex-works in Germany and €490/t ex-works in Italy, effective for October deliveries.
News ID: 6083    Publish Date : 2019/08/22

SteelMint learned from industry participants that Turkish imported scrap market has resumed scrap booking at corrected prices after almost a week's pause. Weak finish steel sales continue to put pressure on sentiments despite rise in domestic scrap prices in the central and Midwest region in US.
News ID: 5927    Publish Date : 2019/08/15

The Argus Italian hot-rolled coil (HRC) index slipped by €1.25/t to €443.25/t ex-works today. The northwest European index was stable at €467.75/t ex-works.
News ID: 5880    Publish Date : 2019/08/12

The global billet market remained sluggish this week, as Turkish imported scrap prices have witnessed a drop amid limited deals. However market remained abuzz with recent billet bookings by China from Iran and Qatar made in last couple of weeks.
News ID: 5239    Publish Date : 2019/07/17

Major global scrap markets observed price correction on weak demand globally. Turkish steel mills booked cargoes at lowered prices amid subdued steel demand. Japan's monthly Kanto tender for Apr'19 fetched bids lower by USD 15 against last month.
News ID: 4364    Publish Date : 2019/04/20

This week observed volatile sentiments in global scrap markets following USD exchange rates. Turkish scrap prices showed softening in more cargoes booked from Baltic for remaining April shipments.
News ID: 4192    Publish Date : 2019/04/04

Major ferrous scrap markets exhibited an upward trend except for China. Prices moved up slowly amid positive sentiments in suppliers’ side and anticipation of a recovery in March demand in the near terms.
News ID: 4082    Publish Date : 2019/03/19

Turkey's imports of metallurgical coke fell in 2018, following 2017's sharp rise, as the country hiked imports to offset lower domestic output during coke battery upgrades (see chart).
News ID: 3668    Publish Date : 2019/02/18

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