Turkish steel producers continued to hold back from the deep-sea scrap markets in an attempt to push down prices while they struggled with weak demand and values for finished rebar, sources said on Wednesday January 15.
The country's steel producers went through last week with only one deep-sea cargo bought, when a steel mill in the Marmara region booked a European cargo at an average price of $300 per tonne cfr for 15,000 tonnes of HMS 1&2 (75:25), 10,000 tonnes of shredded and 15,000 tonnes of bonus.But signs of a possible drop in scrap prices...