Sellers offered back-to-back cargoes of Turkish rebar to $520-530 per tonne cfr Singapore and similar shipments of Chinese product at $560-570 per tonne cfr Singapore during the week, both on a theoretical weight basis.
Offers were at $490-500 per tonne cfr Singapore and $565 per tonne cfr respectively a week earlier.
The increases came amid higher prices for raw materials in Turkey and Asia.
For instance, prices for United States-origin bulk cargoes of heavy melting scrap 1&2 (80:20) in Turkey were at $338.25 per tonne cfr on Friday November 20, about $55 per tonne higher compared with $283 per tonne cfr on...
