TURKEY LONG STEEL EXPORTS: Rebound in scrap costs, improving demand push up prices

February 12, 2021 / www.metalbulletin.com / Article Link

Turkish long steel export prices have gone up over the past week in line with recovering demand and increasing scrap costs, market sources said on Thursday February 11.

Steelmakers in Turkey resumed their deep-sea scrap purchases earlier this week, raising prices by around $10 per tonne.
Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $396.04 per tonne on February 10, up by $9.83 per tonne day on day.

"The downtrend in the market has ended. Besides, people expect Chinese [market participants] to return...

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