The Turkish deep-sea scrap import market remained quiet on the second working day of the week, with market participants expecting further price falls due to the lack of demand for finished steel, sources told Fastmarkets on Tuesday March 16.
After two Baltic Sea cargoes were booked at $435-437 per tonne cfr on an HMS 1&2 (80:20) basis at the end of last week, the daily scrap indices dropped by $15.61 per tonne on Friday.The country's steelmakers then stepped back from the deep-sea purchases, with supplies...