EU long steel market looking up as scrap prices rise

European sellers of long steel products have been determined to increase prices despite moderate demand, sources told Metal Bulletin on Wednesday June 28.

Scrap [prices are] going up in Turkey, so all customers are counting on an increase,” one market participant said.
Moreover, “most mills have reduced production somehow to cope with the absence of the Algerian market”, according to another trader.

The North African country has been a key market for finished long steel products from Southern Europe, but it has not yet announced import quotas or...


June 28, 2017

16:47 GMT