Turkey has not bought ferrous scrap from the United States in nearly a week, but a combination of recent steady buying and an anticipated upward move in November's domestic scrap trade have worked to raise some dock prices.
Turkish steel producers paused their deep-sea cargo purchases on Monday October 28 and Tuesday October 29, due to Tuesday's public holiday for the Republic Day of Turkey and a half day public holiday on Monday, and it was unclear when they would return to the market.One mill returned to the market on Wednesday October 30, purchasing a cargo out of Amsterdam that included an 90:10 mix of No1 and No2 heavy melting scrap at $248 per tonne.During the month of October, Turkish steelmakers booked 17 cargoes, seven of which originated in...