05
Dec
13:49
Costlier scrap drives up Turkish rebar prices
The continued rise in scrap prices has increased Turkish mills’ production costs and forced them to raise their rebar quotes. However, sluggish demand is not supporting higher prices.
Unable to keep their offers at last week’s levels of $425-430/tonne fob, Turkish mills have raised their export offers to $435-440/t fob Turkey actual weight as a result of scrap prices increasing $20/t in two weeks. However, only a few deals in small quantities are hea…
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Anonymous
Very good overview of the weekly steel market.
Anonymous