CIS STEEL BILLET: Market sentiment improves as scrap prices rise

October 07, 2021 / www.metalbulletin.com / Article Link

Sentiment in the Commonwealth of Independent States' export billet market improved somewhat by Wednesday October 6 due to the ongoing increase in global scrap prices.

Fastmarkets' daily index for steel scrap HMS 1&2 (80:20 mix) North Europe origin, cfr Turkey was calculated at $441.15 per tonne on Wednesday, up by $1.49 per tonne day on day and by $15.15 week on week.

Scrap prices in Turkey, one of the world's major scrap importers, have been increasing due to improved demand...

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