Tag: Turkiye: Imported ferrous scrap prices rise by $2/t w-o-w

In early July, mills purchased scrap mainly to sustain continuous production, avoiding large stockpiles due to limited rebar sales. Scrap suppliers maintained upward price pressure due to slow collection and high port-side quotes, with freights rising by $4-5/t, further affecting prices. According to market insiders, sellers in Europe are facing high collection costs, while Turkish…