Ferrous scrap prices in International market edge up after Turkish steel mills placed fresh orders. Scrap seller raise their offers by $5-10/mt on improved demand said market participants.
Higher scrap prices has led Billet manufacturers to raise offers by $15-20/t.CIS Billet was sold on Monday February 20 at $575-590 per tonne fob Black Sea for March,up from $560-570 fob. Some mills have been offering $600 per tonne fob due to higher ferrous scrap costs.
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