Downtrend expected to settle in November

摘要

In September-October, top global scrap exporters from the USA andthe EU may continue attempting to raise prices to Turkish consumersby speculating on the supply limited due to high demand and prices inthe domestic markets. However, given the anticipated change in sentimentsin the segment for finished products, Metal Expert forecasts scrapprices to stabilize. Export prices will decrease inevitably starting fromNovember amid a substantial deterioration of rebar and semis markets.