Tag: Middle East conflict steel market
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Turkiye: Imported scrap prices edge up as freight surge lifts offers
US sellers target higher offer levels Mills still need April shipment cargoes Turkish deep-sea imported scrap prices edged higher on 12 March as rising freight rates supported seller sentiment amid the Middle East conflict. US origin HMS 80:20 was assessed around $376/t CFR, up $1/t d-o-d. Market participants reported that freight costs have surged since…