Turkish steel producers broke their silence in the deep-sea scrap market on Wednesday August 1 with news of a European cargo being booked, which led to prices falling.
A steel mill in the Marmara region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (75:25), 12,500 tonnes of bonus and 2,500 tonnes of new cuttings at an average price of $328.50 per tonne cfr.This was the...