Turkish steel producers ended the week with only one deep-sea transaction amid weak long steel and billet markets, sources said on Friday July 12.
Since a steel mill in the Iskenderun region booked a UK cargo at $288 per tonne cfr for HMS 1&2 (80:20) on July 9, steelmakers have stayed away from the deep-sea scrap market.The reason behind the weak demand for deep-sea scrap was the slow long steel and billet markets, sources said."Mills...