Turkish post-quake recovery to support high US steel spreads, Gerdau says

The rise in prices for steel scrap and long steel products that will result from Turkey’s earthquake recovery activities were expected to drive historically high metal price spreads in North America, Gerdau chief executive officer Gustavo Werneck said on Wednesday March 1.

Ferrous scrap prices have started to react positively to the change in market conditions, but this new scenario will also mean that finished steel fundamentals should be sustained in the...

Published

Renato Rostás

March 01, 2023

21:10 GMT

São Paulo