Turkish steel producers have ended a second consecutive working week with no deep-sea scrap bookings due to poor demand for their long steel products, sources told Fastmarkets on Friday August 21.
The most recent deep-sea bookings were heard on August 7 for United States- and Baltic Sea-origin HMS 1&2 (80:20) at $285 per tonne cfr.Since then, the Turkish mills have paused their scrap purchases as demand for long steel products, especially in the local market, declined sharply amid increasing...