Tag: Turkiye: Scrap prices rise on tight supply; weak rebar demand pressures mills’ margins

Suppliers target up to $420/t CFR Turkiye Freight costs continue supporting higher offers Turkish deep-sea scrap prices increased during the week ended 7 May, supported by limited supply of US-origin cargoes, firm freights, and stronger seller sentiment. Deals for Germany-origin HMS 80:20 were heard at $408/t CFR, while Denmark-origin cargoes were booked at $411/t CFR.…