CIS rebar and wire rod producers increased offers in the first half of June, supported by strengthening import scrap prices in Turkey as well as increased finished long steel prices.
The Turkish market is considered indicative of price momentum because the country is one of the world's major scrap importers and long steel exporters.And the daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was $258.56 per tonne...