Turkish domestic prices for auto bundle and shipbreaking scrap have remained stable over the past week but the pressure on them was increasing because of falling prices for finished and semi-finished steel and a strengthening of the country's lira, sources said on Monday October 1.
Metal Bulletin's weekly price assessment for auto bundle (DKP grade) ferrous scrap was unchanged week-on-week on October 1 at TRY1,850-2,050 ($305-338) per tonne delivered.Despite this, only a few steel mills have lowered their buy prices for the material over the past seven...