Turkish domestic scrap prices have fallen sharply over the past week, following the downward trend seen in the deep-sea scrap import markets, sources said on Monday January 25.
Steelmakers in Turkey held back from purchasing deep-sea scrap late last week, due to poor sales of finished long steel and billet.The most recent deep-sea transaction was heard on Wednesday January 20 at $440 per tonne cfr on an HMS 1&2 (80:20) basis and pushed the daily scrap indices down by more than $12 per tonne on the...