Turkish mills sharply raise domestic scrap buying prices

摘要

Bursa—Turkish mills sharply raised their domestic lira-denominated domestic scrap buying prices on May 4, in line with strong imported scrap pricing, after Turkish rebar prices on May 3 jumped $40/mt on week to $670/mt ex-works and above in a bullish pricing sentiment. All Turkish steel producers joined this move on May 4, and have begun to offer 12-32 mm rebar at $470-$485/mt ex-works, without VAT, depending on region and producer.