Turkish billet exporters have boosted offers to $430 per tonne f.o.b. main Turkish port for December melting amid higher ferrous scrap prices, up from bookings at $410 to $420 per tonne last week, although they have yet to attract new business due to weak demand, market participants said. "Prices have risen due to high ferrous scrap costs rather than a pickup in demand," one trader in Turkey said.

North Africa and Persian Gulf rebar buyers are shunning Turkish export offers of $480 to $485 per tonne f.o.b. main Turkish port, saying the prices are "unworkable." Some...