Tag: Turkiye: Imported ferrous scrap price witnesses $3/t w-o-w rise despite moderate activities and weak rebar demand

Towards the close of January, Turkish imported ferrous scrap prices saw a marginal increase in anticipation of an imminent re-stocking surge. Traditionally, indicative tradable values for HMS (80:20) remained relatively stable, primarily within the range of $422-424/tonne (t) CFR. While the market exhibited some fluctuation within the $420-425/t CFR range, there is an expectation of…