The Turkish steel mills broke their silence in the deep-sea scrap market on Friday April 26 after a US scrap cargo was sold at lower prices, sources told Fastmarkets.
Mills in Turkey had been quiet for the previous 10 days due to weak finished steel demand in the local and export markets, thereby putting downward pressure on scrap prices.A steel mill in the Izmir region booked a US cargo, comprising 22,000 tonnes of HMS 1&2 (80:20) at $308 per tonne,...