Tag: Baltic scrap

Near-term outlook positive, supported by firm freights Gaza ceasefire sparks hopes of recovery in rebar demand Turkiye’s deep-sea imported ferrous scrap prices rose by up to $6/tonne (t) w-o-w, supported by a US-origin cargo trade as mills continued procuring November-shipment material. Around 8-9 cargoes were booked over the past 6-7 days at $344-353/t CFR. Price…