Turkish steel producers remained out of the deep-sea scrap import market at the end of the week to avoid a further increase in prices, while escalated tension in Syria hit trade in the country, sources said on Friday February 28.
After a buying spree over the past three weeks, mills stepped back from deep-sea scrap purchases at the beginning of this week.The most recent cargo was sold on Monday February 24. A steel mill in northern Turkey booked a Baltic Sea cargo comprising 16,000 tonnes of HMS 1&2 (80:20), 12,500 tonnes of shredded, 2,500 tonnes of...