After the recovery witnessed particularly in the Turkish rebar market, Turkish steelmakers have accelerated their scrap purchases, as expected. Market sources indicate that scrap supply is still at high levels, while scrap suppliers are still active in the local market.
In the meantime, ex-US HMS I/II 80:20 scrap offers to the Turkish market have been varying at $382-387/mt CFR. In addition, a Canadian scrap suppler, who generally offers high quality materials at lower prices than most other suppliers, is still active in the market.