TURKEY FLAT STEEL: Producers raise offers to reflect rising scrap prices

Turkish flat steel producers raised their offer prices during the week ended Friday November 8 on increasing raw material costs, even as demand in the region remained soft.

Raw material prices, especially those for scrap, have increased recently. Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was at $253.40 per tonne on November 7, up from $247.89 per tonne on November 1. HRC exports Fastmarkets’ weekly price assessment for steel hot-rolled coil, export, fob main port Turkey, was $405-425 per tonne on November 8, compared...

Published

Serife Durmus

November 08, 2019

16:11 GMT

Bursa