Tag: scrap billet economics
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Turkiye: Imported scrap prices hold largely firm as billet strengthens, but weak rebar demand weighs on buying
Rising billet prices improve scrap’s competitiveness for mills Mills remain focused on covering September requirements Imported deep-sea scrap prices in Turkiye remained broadly stable w-o-w on 27 August, with limited fresh bookings keeping HMS 80:20 around $375/t CFR. Firmer billet and rebar prices provided some support to scrap sentiment, but weak finished-steel demand and selective…