Tag: Turkiye: Imported ferrous scrap prices drop to two-year low in Nov; What lies ahead?

Mills forced to cut scrap bids amid cheap billets influx Rebar export market demand subdued in Oct-Nov Red Sea crisis diverts scrap flows; Turkiye sees glut Morning Brief: Turkish ferrous scrap prices hit a two-year low in November 2024 as mills delayed January shipment purchases and awaited clearer direction on price floors. Several market sources…