The Turkish deep-sea scrap market remained silent on Tuesday May 22, with mills still looking for lower prices.
The mills continue to struggle with the weakness of the lira against the US dollar, which is affecting the local market very badly, while the demand for finished steel in the export markets was also sluggish, according to market sources.Turkish mills booked only three deep-sea cargoes last week, with prices falling to $345 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20) in the most recent...