TURKEY LONG STEEL: Prices down on weak demand, lower scrap costs

Domestic steel rebar and wire rod prices in Turkey have softened over the past week amid falling imported scrap costs and low demand during holiday periods, market participants said on Thursday July 29.

Turkish deep-sea scrap import prices went down earlier this week, with steel mills seeking lower prices because of the limited steel trade.

Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was calculated at $475.96 per tonne...

Published

Cem Turken

July 29, 2021

14:05 GMT

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