Turkish steel mills continued to stay away from the deep-sea scrap market on Wednesday April 29, holding out for lower prices, sources told Fastmarkets.
After about 10 days of silence, on April 27 one Turkish steel mill booked a Baltic Sea cargo at $242 per tonne cfr for 26,000 tonnes of HMS 1&2 (80:20) and $252 per tonne cfr for 6,00 tonnes of bonus scrap, sending the daily scrap indices down by more than $11 per tonne.
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