Tag: Euro impact on scrap prices

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…