TURKEY LONG STEEL: Rising scrap costs, weakening lira push up domestic prices

Turkish domestic long steel prices increased over the past week because of rising imported scrap costs, but demand has not supported the rises, market participants told to Fastmarkets on Thursday March 4.

Late on February 26, a steel mill in the Marmara region booked Baltic Sea-origin shipment of HMS 1&2 (80:20) scrap at $456 per tonne cfr, which pushed up the daily scrap on March 1, with Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), United States origin, cfr Turkey, rising to $459.85 per tonne...

Published

Cem Turken

March 04, 2021

15:12 GMT

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