Turkish reinforcing bar and wire rod export prices continued to increase over the past week due to strengthening scrap costs, market participants told Fastmarkets on Thursday October 21.
Turkish steel mills continued their deep-sea ferrous scrap purchases this week, with prices exceeding $500 per tonne for an 80:20 mix of No1 and No2 heavy melting scrap.Fastmarkets' daily index for steel scrap HMS 1&2 (80:20 mix) United States origin, cfr Turkey was calculated at $503.72 per tonne on October 20, up...