Turkish steel billet prices have increased over the past week due to rising imported scrap costs, market sources told Fastmarkets on Thursday February 18.
Despite the most recent deep-sea scrap bookings taking place on February 10, prices for the steelmaking raw material have risen by more than $22 per tonne on a weekly basis.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $408.69 per tonne on February 18, up by $22.48 per tonne compared with $386.21 per...