Higher Turkey scrap import prices support rebar, diverge from billet

摘要

Turkish steel export rebar and importscrap prices have strengthened inearly June, leading to weaker relativeprice trends for billet imports asmarket levels overall have turnedhigher since the end of May. With scrapprice increases leading the group inearly June, rebar-scrap spreads haveweakened due to higher costs for theraw material. Rebar strengthening overbillet imports since late May caused thespread between Turkey rebar-Black Seabillet imports to rise.