TURKEY FERROUS SCRAP: Falling domestic long steel prices push down local scrap values

Sentiment in the Turkish domestic scrap market turned negative over the past week due to weakening local finished long steel prices, sources told Fastmarkets on Monday January 13.

Domestic long steel prices fell slightly due to the recent strengthening of the Turkish lira against the US dollar.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 3,050-3,100 Turkish lira...

Published

Cem Turken

January 13, 2020

14:03 GMT

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