Turkish steel mills held back from deep-sea scrap bookings on Monday January 27, amid talk that they would cut production or resume bookings soon, sources said.
A steel mill in the Iskenderun region booked a UK cargo comprising 22,000 tonnes of HMS 1&2 (80:20) at $277 per tonne cfr late on January 22, which sent the daily scrap indices down by $6.45 per tonne.This was only the second cargo booked in the past two weeks and overall demand for imported...