Steel mills had to return to procurement after a long pause

Quotations for HMS 1&2 (80:20) scrap in Turkey increased from $330/t to $338/t CFR from April 30 to May 6, according to Kallanish. Suppliers have raised their requests as mills are planning the necessary purchases for June.

At the same time, rebar producers failed to add the higher scrap price to their quotations. Therefore, the potential for a rise in scrap prices in Turkey is still limited.