Major steel billet prices around the world continued to strengthen last week with suppliers securing higher prices for their materials amid increasingly costlier ferrous scrap.
Scrap prices in Turkey, the world's largest importer of the steelmaking raw material, breached the psychological $300-per-tonne level for the first time in five months last Friday December 13, though limited demand for Turkish long steel products could eventually dampen market sentiment, sources said.Several cargoes of Russian and Ukrainian billet were sold to Turkey and Africa at...