Turkish steel mills continued to stay out of the deep-sea scrap markets on Thursday December 13. They are unlikely to resume buying any time soon due to the continuing lack of demand for finished steel in the country's domestic and export markets.
Steel mills in Turkey have been holding back from scrap purchases for more than two weeks now, with only one cargo booked since November 23.The main reason has been the sluggish demand for rebar in the country's export and domestic markets, sources...