Steel coil prices in Turkey increased again this week because of the high cost of scrap alongside other global price increases, with more increases expected, sources told Fastmarkets on Friday February 1.
Hot-rolled coil (HRC) stocks are low in the country because buying was weak for a long time when prices were falling.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) scrap - a raw material of flat steel production - was calculated at $297.39 per tonne cfr on January 31, rising from $279.16 per tonne cfr on January 2 because of strong demand in Turkey as well as limited supply.Concurrently, ArcelorMittal...