Tag: EU and Baltic exports
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Turkiye: Imported bulk scrap prices hit 2-year low as buyers hesitate amid falling rebar tags
Rebar prices drop $30-40/t in Nov’24 EU and Baltic exports benefit from weaker Euro Turkish imported ferrous scrap prices fell slightly by $2/t w-o-w to hit a two-year low level, which was last seen last during November 2022, as mills remained cautious about restocking amid bearish expectations of end-product prices. Turkish mills hesitated, causing scrap…