Turkish steel mills were said to be waiting for next week's conference of the International Rebar Producers & Exporters Association (Irepas) to bring market clarity before they resume their May-delivery bookings of material in the deep-sea scrap market, sources said on Friday May 4.
After booking around 20 cargoes, Turkish steel producers went silent at the end of last week, following an uptick in prices.The most recent transactions into Turkey were done around $352-355 per tonne cfr for HMS 1&2 (80:20) from the Baltic Sea region, after which the suppliers in that area raised their offers to $365 per tonne...