The Turkish steel producers went quiet again in the deep-sea scrap markets on Monday May 21, amid sluggish demand for finished steel and the continuing weakening of the country's lira.
The mills in the country booked only three deep-sea cargoes last week, with prices going down to $345 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20) in the most recent transaction.Market sources said that the mills expected to be offered similar prices by other Baltic Sea suppliers.Some Baltic Sea merchants have already reduced their offers to $345 per tonne, Metal Bulletin was...