FTA between Turkey and Ukraine to contain incentives for metal products
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Turkish mills are attempting to push their longs prices upwards, citing the positive sentiment in the import scrap and billet sectors.
Turkish producer Kardemir opened its local billet sales today, February 3, and closed them after a couple of hours.
Bangladesh-based scrap buyers have remained active in the import scrap market this week.
While ex-CIS billet offers are still supported by lively demand in Egypt, business activity in Turkey’s import market has been lagging far behind.
Hot-rolled coil (HRC) prices in Turkey have continued their steady uptrend, supported by decent domestic demand.