Daily Archives: October 18, 2023

Turkish import scrap prices hit 6-year high on firm demand

Source Deepsea Turkish import scrap prices rose to their highest level since September 2014, amid strong finished steel orderbooks into Q1 2021. The index has risen over $100/mt in just over two months, up from $282.25/mt CFR on Oct. 8, with both mill and recycler sources expecting $400/mt CFR for premium HMS 1/2 (80:20) to…

Global steel demand growth downgraded to 1.8% in 2023 on high rates

  Credit: REUTERS/TINGSHU WANG October 17, 2023 — 08:10 am EDT Source Global steel demand is expected to rise by 1.8% in 2023 as infrastructure projects in top consumer China help to offset weakness elsewhere, the World Steel Association (WSA) said on Tuesday, downgrading its forecast. The industry group revised its April forecast, which estimated…