TURKEY LONG STEEL: Domestic prices continue to rise amid higher scrap costs and weaker lira

Turkish domestic rebar and wire-rod prices have continued to rise over the past week due to higher scrap costs and a weaker lira, market sources said on Thursday October 21.

Turkish steel mills have continued their deep-sea scrap purchases with prices exceeding $500 per tonne for HMS 1&2 (80:20).

Fastmarkets’ calculation of its daily index for steel scrap HMS 1&2 (80:20 mix) United States origin, cfr Turkey was $503.72 per tonne on Wednesday October 20, up from $479.31 per...

Published

Cem Turken

October 21, 2021

14:56 GMT

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