The Turkish steel producers have continued to hold back from the deep-sea scrap markets, after booking enough material for stocks, and have started to watch the finished steel markets, sources said on Wednesday February 13.
The mills in the country have booked around 2.5 million tonnes of scrap since the beginning of the year to replenish earlier low stock levels, and were now focusing on finished steel sales, sources told Fastmarkets.Producers were heard selling a number of steel billet cargoes in recent weeks to both the domestic and export markets, but the rebar market...