Turkish steel mills continued to hold back from the deep-sea scrap markets on Tuesday October 2, amid low levels of demand for finished steel in the country's domestic and export markets.
After booking at least four deep-sea cargoes, totaling 95,000 tonnes, late last week, the mills fell quiet in the markets. This was mostly because of increasing input costs and weak demand for finished products, Fastmarkets was told."Our costs are rising every day. Electricity prices increased by 18.6% recently, which [along with earlier rises] made the total increase almost 50%...