Tag: steel oversupply

Turkiye: Imported scrap prices fall $3/t w-o-w; outlook bearish amid weak rebar sales

Nov 28, 2024

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by

Adarsh Ramteke

in Melting Scrap

Cheaper billets from China, CIS pressure scrap prices Mills focus on reducing finished steel inventories The Turkish imported scrap market experienced a softening trend this week with a slight drop of $3/t w-o-w amid low-priced deals from Europe towards the second half of the week. Imported scrap prices maintain levels last seen towards the end…