TURKEY LONG STEEL EXPORTS: Stronger scrap values push prices upward

Turkish long steel export prices continued to increase over the past week in line with rising imported scrap costs, market sources said on Thursday December 10.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $555-565 per tonne on Thursday, up from the $530-535 per tonne of last week.
Mills have raised their export offers to $565-580 per tonne fob from last week’s $535-540 per tonne in line with the increasing scrap costs.

They were receiving bids around $550-555 per tonne fob on...

Published

Cem Turken

December 10, 2020

15:18 GMT

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