Turkish rebar, wire rod prices up on costlier scrap, demand remains sluggish

Turkish long steel export prices have increased over the past week due to rising scrap costs, but demand remains limited, market sources told Fastmarkets on Thursday December 8.

Steelmakers in the country have increased their deep-sea scrap bookings due to low stock levels, which has led to an increase in scrap prices in the past two weeks.

Fastmarkets’...