Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

Change font size:   

July 2017 | Steel Scrap and Metallics Forecaster


Turkish purchasing to determine europe’s next pricing move: Europe Market Analysis


While underlying demand for scrap has been robust this year – EAF output rose by 12% year-on-year in Q2 and by 15% for H1 overall – underlying demand for steel in Turkey has been depressed, following the last two years of strong recovery.

During the past month, scrap prices have been moving higher across Europe, at least partially driven by Turkish import demand. In fact, based on the trading days so far recorded in July, prices were on course to rise $20/tonne month-on-month to $292/tonne CFR for the MB daily index for North European-origin HMS#1&2 (80:20) cuts. As the chart shows alongside, price rises over the past month come on the back of an unusually subdued, by historical standards, second quarter, when prices remained...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?