Metal Bulletin is proposing to change the specifications of its weekly price assessments for Turkish domestic rebar and wire rod from $ per tonne to Turkish lira per tonne.

Domestic steel rebar and wire rod prices in Turkey have softened over the past week amid falling imported scrap costs and low demand during holiday periods, market participants said on Thursday July 29.

Turkish steel producers made no new scrap bookings on Friday August 27, ending the working week with a single cargo deal amid limited finished steel sales, market participants said.

China’s steel production and end-user demand are likely to experience some dampening in 2022 amid the country’s stringent decarbonization policies, market participants told Fastmarkets

Metal Bulletin’s Turkey domestic rebar and Turkey domestic wire rod price assessments, which have been changed from $ per tonne to Turkish lira per tonne, will include 18% VAT.

Sharp rises in carbon and energy costs, along with the introduction of “green steel” in Europe, will lead to changes to traditional pricing mechanisms in 2022, Fastmarkets understands. Some steelmakers have already started to implement surcharges for carbon and energy costs, whereas previously production costs have been included in the base prices of the steel […]

Sharp rises in carbon and energy costs, along with the introduction of “green steel” in Europe, will lead to changes to traditional pricing mechanisms in 2022, Fastmarkets understands.

Apparent steel consumption in the European Union continued to grow in the first half of 2021, but demand has probably reached its peak and the recovery is now slowing, the European steel association Eurofer said this week.

Turkish steel producers continued to book deep-sea scrap cargoes for September shipments at stable prices on Wednesday August 4, market participants told Fastmarkets.

The latest news and price moves to start the Asian day on Thursday December 20.