Most market participants in the Middle East and North Africa, as well as in Southeast Asia, were out of the market for several days for the Eid al-Adha religious celebration, which ended on August 14.
In scrap markets, trading also remained subdued
because of the holiday, and prices were largely steady.
The daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey
, started and ended the week unchanged at $277.98 per tonne on August 12-16.
CIS, Turkey, Egypt
The billet market in the Commonwealth of Independent States (CIS) fell last week with low activity limiting mills’ ability to maintain their prices.
Buying activity was reduced because many buying outlets, such as countries in the Middle East, North Africa and Southeast Asia, were out of the market for the Islamic holiday.
Early last week, CIS mills...