TURKEY LONG STEEL EXPORTS: Prices up on higher scrap costs, despite limited demand

Turkish rebar and wire rod export prices have gone up further this week on increasing scrap costs, market sources said on Thursday March 4.

The latest deep-sea scrap transaction was recorded late on February 26, when a steel mill in the Marmara region paid $456 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20). This raised the daily scrap index for US-origin material - which tends to reflect Baltic Sea prices more closely than the Northern Europe index - by $3.33 per tonne on March 1.

Fastmarkets’...

Published

Cem Turken

March 04, 2021

14:52 GMT

Mugla