Turkish steel producers extended their absence in the deep-sea scrap markets due to weak rebar and billet demand, sources told Fastmarkets on Thursday February 4.
Steel mills in the country have been staying away from the deep-sea purchases since January 27, when two cargoes of HMS 1&2 (80:20), shredded, and plate & structural (P&S) scrap were booked from the United States at $416-426 per tonne...