Turkish flat steel producers raised their offer prices during the week ended Friday November 8 on increasing raw material costs, even as demand in the region remained soft. Raw material prices, especially those for scrap, have increased recently. Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was at $253.40 per tonne on November 7, up from $247.89 per tonne on November 1.
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