Tag: commodity scrap news
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Turkiye: Bulk scrap prices rise slightly w-o-w, but weak steel demand limits buying
Tight supply, stronger euro keep offers elevated Prices expected to stay largely stable in early Feb Turkish deep-sea imported bulk scrap prices edged higher w-o-w on 29 January, supported by firm collection costs, a stronger euro, and rising freights. However, weak rebar and hot-rolled coil (HRC) demand continued to limit mills’ buying appetite, keeping market…