Turkish steel mills remained largely silent in the deep-sea scrap import markets due to continued sluggish finished steel demand in both domestic and export outlets, market participants told Fastmarkets on Wednesday June 2.

Any bolstering effect on US ferrous scrap exports from the up-month in February’s domestic trade will be tempered in the immediate aftermath of two earthquakes in Turkey — the country’s largest importing region — on Monday, February 6

After a month-long consultation, Fastmarkets has amended the frequency for the publication of its fob China rebar index due to low liquidity in the spot market in the past year.

Russia’s output of steel products, local demand and export sales all dropped in 2022 due to trading sanctions imposed after its invasion of Ukraine on February 24, 2022 - but the reductions were smaller than the markets expected

Turkish steel producers continued to hold back from deep-sea scrap bookings because of limited sales of finished long steel, sources told Fastmarkets on Wednesday April 14.

Fastmarkets proposes to discontinue the converted price assessments for the following markets:

Fastmarkets proposes to discontinue the converted price assessments for the following markets:

Turkish deep-sea scrap import prices have rebounded once again with fresh bookings done following successful Turkish export rebar and billet sales, market participants said on Wednesday April 21.

United Arab Emirates producers Emirates Steel and Conares Steel have increased their rebar prices for February production with effect from Wednesday January 13.

Turkish deep-sea scrap import prices edged up on Tuesday after firm offers from the Baltic Sea region, although many mills were looking to achieve further rebar sales in the export and domestic markets before purchasing more scrap, sources said on March 30.