Black Sea scrap suppliers resist lowering their prices
Some Turkish steel producers claim that Black Sea
scrap is not being offered below the $215/mt CFR level. Although Turkish buyers are pushing for $200-205/mt CFR, suppliers do not seem willing to conclude offers lower than $215/mt CFR. As the SteelOrbis' July 13, 2005 market analysis
Scrap prices soften this week following the recent purchases points out, the approaching grain season is possibly starting to show its impact on the
freight rates, keeping the
scrap prices on CFR basis to
Turkey as unchanged.