The Turkish deep-sea scrap import market was almost silent again on Thursday April 30, with mills expecting even lower prices, sources told Fastmarkets.
Overall demand for deep-sea scrap remains poor because of lower steel output and weak demand for finished steel, due to the measures put in place to curb the spread of the Covid-19 outbreak.At least six steelmakers have halted production due to the pandemic, while several others are working at reduced output."There [have been virtually no] rebar sales," a Turkish mill sources said. "We offered rebar to the local market at around...