TURKEY FERROUS SCRAP: Local prices weaken on rising stocks

November 20, 2018 / www.metalbulletin.com / Article Link

Turkish domestic scrap prices have softened over the past week with some mills reducing their buy prices because of high stock levels, sources said on Monday November 19.

Fastmarkets' weekly price assessment for domestic auto bundle (DKP grade) ferrous scrap was TRY1,650-1,940 ($309-363) per tonne delivered on Monday, widening downward from last week's TRY1,800-1,940 per tonne.This change in the assessment came after long steel mills and a major scrapyard in...

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