Turkish steel producers continued to hold back from deep-sea scrap purchases at the start of this week amid limited demand for rebar and billet, market participants said on Monday January 25.
The mills in Turkey have been absent in the deep-sea markets since last week. The most recent transaction was heard on Wednesday January 20 at $440 per tonne cfr on HMS 1&2 (80:20) basis.That transaction pushed the daily scrap indices down by more than $12 per tonne on...