HRC suppliers in Pakistan bullish, deals still sporadic amid weak demand
Hot rolled coil (HRC) suppliers in Pakistan have continued to increase their offers on the heels of the global trend.
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S. Korean mills buy Russian scrap, expected to raise bids for Japanese scrap
South Korean mills have bought Russian scrap this week, while two of them are expected to open tenders for Japanese scrap tomorrow.
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Tokyo Steel revises local scrap purchase prices first time since mid-Jan, up $17/mt
Domestic and export scrap prices in Japan are moving up following the Chinese New Year holiday which ended at the beginning of this week.
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Turkish mills continue to raise ship scrap prices
Since SteelOrbis’ report published yesterday, February 8, some Turkish mills have announced further rises in their ship scrap procurement price.
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Ex-China CRC prices up sharply after rises in local and futures prices
Ex-China CRC prices have moved up sharply after the week-long holiday amid the rising trends in the local market and in HRC futures prices.