Turkish steel mills held back from the deep-sea scrap markets this week amid limited long steel demand in the country's export and domestic markets. And the slowdown in Turkey stopped global scrap prices increasing further.
Turkish steel mills focused on finished steel sales instead of scrap purchasesRecent sales to Turkey and Bangladesh kept US export markets firmWeak steel markets in Vietnam cooled off scrap price risesTaiwanese buyers turn to US scrap with Japan on holidayFirm demand and limited supply drive Indian scrap import prices upward.The steel mills in the country have...