TURKEY STEEL BILLET: Prices down further on falling scrap values

Turkish steel billet prices have continued their downward trend over the past week amid limited demand for the material and falling imported scrap costs, sources said on Thursday February 4.

Imported scrap prices have been coming down over the week amid limited demand.
Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $401.35 per tonne on February 3, down from $413.17 per tonne on January 27.

In response, the mills in...

China's gold holdings to central bank reserves still low

China has broad effect on gold market

Gold stocks mixed after previous week's huge gains

Large TSXV gold multiple driven up by high Artemis weighting

Monetary-driven precious metals outperform major base metals