DAILY SCRAP REPORT: Strong domestic demand in US may keep prices firm

By Cem Turken / March 22, 2018 / www.metalbulletin.com / Article Link

The Turkish deep-sea scrap import market had another quiet day on Thursday March 22, with the country's steel mills absent from trading for a second week, sources said.

There has been no significant trading since the mills in the Middle Eastern country stepped back from the deep-sea scrap markets on March 9, when the United States applied a 25% duty on imports of steel products following its Section 232 investigation.But market sentiment was not notably negative, with strong domestic demand in the US and news of a Canadian cargo sold to Brazil at firmer prices."The US domestic market could move up by about $20 per tonne...

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