Tag: bullish freight rates
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Turkiye: Imported ferrous scrap up 1.6% w-o-w on active bookings
Active bookings reported from the USA and Europe Seasonal supply tightness boosts Turkish scrap prices Imported deep-sea scrap prices rose by about 1.6% to $369/t CFR Turkiye, amid higher collection costs, strong rebar prices and supportive freight rates. Mills are actively seeking shipments for January, with many still short of requirements, while domestic rebar prices…