TURKEY STEEL BILLET: Scrap cost downturn, limited demand drag prices down

Steel billet prices in Turkey have been falling over the past seven days due to limited demand and a downturn in scrap values, sources said on Thursday October 8.

Turkish steel mills had been staying away from deep-sea scrap purchasing since the week prior, especially with China absent from the market.
The country's steelmakers booked three deep-sea cargoes at the end of last week, putting the HMS 1&2 (80:20) price at $284 per tonne cfr for European material and at $289 per tonne cfr for Baltic Sea-origin scrap.

A steel mill broke the...

Another 'Bubble Check' for the gold sector

Gold stocks continue to hit new highs

Some mining stocks exposed to Burkina Faso take major hit

Gold stocks again hit new highs

Gold stocks reach new highs on metal price gain