TURKEY LONG STEEL: Domestic prices rise with increasing scrap costs

Turkish domestic rebar and wire rod prices have continued to surge over the past week in line with increasing scrap costs, market sources told Fastmarkets on Thursday February 25.

The Turkish scrap import prices have been increasing due to rising freight costs and stronger demand for material.

Three steel producers booked US- and Baltic Sea-origin cargoes on February 24 at $445-447 per tonne cfr on an HMS 1&2 (80:20)...


Cem Turken

February 25, 2021

14:30 GMT