Domestic long steel prices in Turkey have continued to weaken in line with falling scrap costs and the strengthening lira, market sources said on Thursday August 26.
Turkish steel producers were keeping their deep-sea scrap purchases at a slow pace to be able to put downward pressure on scrap prices.The most recent deep-sea scrap trade was recorded on August 25, when a steel mill in the Iskenderun region booked a Belgian cargo comprising 22,500 tonnes of HMS 1&2 (80:20) and 12,500 tonnes of bonus at an average price of $450 per tonne...