The Turkish deep-sea scrap import market has gone quiet again after the recent upturn, with material supply being limited, while buyers were struggling with weak demand for finished steel, sources said on Wednesday April 15.
The daily scrap indices went up by more than $15 per tonne on Tuesday, after deals for United States- and Baltic Sea-origin cargoes were heard at $255-257 per tonne cfr for HMS 1&2 (80:20).The Turkish lira continued to lose ground against the US dollar due to the effects of the Covid-19 pandemic, declining to 6.80 lira to $1 at the time...