03
Mar
14:59
Turkish rebar surges amid costlier scrap, billet
Turkish mills increased rebar quotes in both domestic and export markets sharply on Thursday due to ballooning scrap prices.
Although some mills were offering rebar at $850-860/tonne fob Turkey actual weight on Thursday morning, they withdrew following the news of a scrap deal done at $585/t cfr Turkey.
One Turkish mill tells Kallanish: “We initially have to secure our scrap – a major raw material – before determining the price for rebar. Our s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous