Turkish ferrous scrap buyers eye price pickup; orders slack for now

Dec 29, 2006 | 01:13 PM | Ben Garside

Turkish buyers haven't received any offers from major ferrous scrap exporters in the past week, a situation they expect will continue until late January.

When the anticipated offers roll in, though, they are expected to be in a slightly higher range of $305 to $310 per tonne delivered, Turkish buyers said.

Scrap suppliers are expected to push for higher prices as a result of pending increases in Turkish reinforcing bar prices.....

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