London—Highlighting that the weaker dollar and lower interest rates have pulled up commodity prices, Ugur Dalbeler, CEO of major Turkish flats and longs steelmaker Colakoglu, told S&P Global Platts on Sept. 10 that he is expecting only a slight correction in scrap prices, instead of a decline. "Scrap prices are affected by other raw materials and commodities as well as steel prices. Prices rose around $100/mt both in the EU and the US in a month, while strong Chinese demand pulled up prices notably in the South East Asia region," the CEO said, adding that imported scrap prices in Turkey exceeded the $300/mt CFR threshold in this sentiment.
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