Tag: Turkiye: Imported scrap prices decline by $4/t w-o-w as rebar sales remain subdued mills curb steel output

Mills bid below $395/t CFR for US, Baltic HMS 80:20; sellers face resistance at higher levels Weak rebar demand, lower steel output, volatile freights weigh on deep-sea scrap trading Turkiye’s deep-sea imported scrap market came under pressure during the week ended on 22 October, with prices declining by $4/tonne (t) w-o-w amid sluggish downstream demand,…