Tag: Turkiye: Imported bulk scrap prices fall by $17/t w-o-w; weak export demand lowers rebar FOB price

The Turkish imported bulk scrap price index softened by $17/tonne (t) w-o-w after a sharp rise last week, as imported scrap prices continued their downward correction throughout this week amid cheaper European scrap prices. Turkish mills highlighted the “normalisation” of scrap prices as being inevitable due to weaker-than-anticipated domestic demand for finished steel, particularly exports.…