The rebar price trend may also support the situation in the scrap segment, particularly if the projects announced in Turkey, Saudi Arabia and Europe kick in in the autumn.In the EU, the domestic market has gone quiet by August due to the holiday season, and both ordering from the market and pricing have remained low and flat.High interest rates continue to weigh on the steel business in the US in terms of the demand coming from both commercial and residential construction.Currently, IREPAS evaluates the longs market status as unstable and unpredictable for the next quarter, while the outlook for the ferrous scrap suppliers may be more positive.In fact, the most recently adopted sanctions are to create more complications for importers from Russia, with the EU having the right to request input origins.
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