Long steel hits bottom as scrap rises: Irepas

Jul 09, 2013 | 05:05 PM | Samuel Frizell

Tags  International Rebar Exporters and Producers Association, ferrous scrap, Irepas, rebar, long products, scrap, Samuel Frizell

NEW YORK — Strengthening scrap prices have led to somewhat higher finished steel prices in Turkey and improved sentiment, even though global demand for long steel products was flat last month.

"Ferrous scrap prices have shown some resilience, boosting sentiment in the market," the Istanbul-based International Rebar Exporters and Producers Association (Irepas) said. "As Turkish demand for ferrous scrap has improved significantly towards the end of June and in early July, scrap prices have been....





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