Demand for flat steel was moderate in Turkey in the week ended Friday October 25 as buyers waited to see if prices would increase further amid rising raw material costs.
Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was at $240.12 per tonne on Thursday, October 24, rising from $232.98 per tonne on October 16.Flat steel buyers wanted to see if the price increases could stick given the weakness in end user demand.Sentiment was more positive last week after Turkey agreed to a ceasefire on October 17 at its...