TURKEY LONG STEEL EXPORTS: Prices up on higher scrap costs, despite limited demand

March 05, 2021 / www.metalbulletin.com / Article Link

Turkish rebar and wire rod export prices have gone up further this week on increasing scrap costs, market sources said on Thursday March 4.

The latest deep-sea scrap transaction was recorded late on February 26, when a steel mill in the Marmara region paid $456 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20). This raised the daily scrap index for US-origin material - which tends to reflect Baltic Sea prices more closely than the Northern Europe index - by $3.33 per tonne on March 1.

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