Turkish billet prices increased during the week ended October 14 because of the upturn in imported scrap costs, market participants told Fastmarkets.
Turkish deep-sea scrap import prices have increased in the past week due to limited supply and firm demand.The most recent deep-sea scrap import trade was reported on Wednesday October 13, when a steel mill in the Izmir region paid $480 per tonne cfr for 35,000 tonnes of HMS 1&2 (80:20) to a Baltic Sea supplier.
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