BURSA, Turkey Turkish
long steel prices have continued to increase on the back of
strengthening scrap import tags.
Rebar export offers were quoted
at $610 to $615 per tonne f.o.b. this past week, up $5 to $10
from the previous week, while buyers were bidding at between
$600 and $605 per tonne f.o.b., sources said.
"Turkish mills have already
booked scrap before the year-end and the rebar traders are
expecting a strong market in the first quarter of 2013, so they
are in the market for stocking," a source at a long steel
A second Turkish long steel
producer source said the holiday period had slowed the market
as expected, but market sentiment generally was positive.
The slightly higher steel export
prices come at a time when scrap sales to the region are being
completed at slightly higher levels (
amm.com, Dec. 27).
Meanwhile, merchant bar offers
from Turkey were quoted at $660 to $670 per tonne f.o.b. for
February delivery, about $5 higher than a week earlier.
Turkish billet offers also have
advanced on costlier scrap. The countrys billet offers
are between $555 and $565 per tonne f.o.b. for February
delivery, while billet is being priced at $555 to $570 per
tonne in the domestic market, up between $5 and $15 compared
with the previous week.
A version of this article was first published by AMM sister
publication Steel First.