Tag: Turkish billet market

Scrap buying picks up amid low mill inventories Weak rebar sales, Chinese billet imports cap demand Turkiye’s deep-sea ferrous scrap import prices rose by up to $6/tonne (t) w-o-w to around $345/t CFR amid restocking activity. While the market showed signs of recovery, buying activity was cautious, with mills selectively booking cargoes to replenish inventories…