Turkish steel producers have extended their absence from the deep-sea scrap markets because they were focusing on finished steel sales, market sources said on Tuesday February 16.
The daily scrap indices had risen by more than $22 per tonne week on week after two Turkish steelmakers booked US cargoes at $410 per tonne cfr on an HMS 1&2 (80:20) basis.Since the upturn in scrap prices, most Turkish steel producers have turned their attention to the rebar and billet markets, because they...