TURKEY FERROUS SCRAP: Local prices down with falling steel values

Turkish domestic steel scrap prices have continued to weaken in line with the falling prices for steel and imported scrap over the past week, sources said on Monday December 3.

Fastmarkets’ weekly price assessment for domestic auto bundle (DKP grade) ferrous scrap was TRY1,590-1,780 ($304-340) per tonne delivered on Monday, down from TRY1,650-1,850 per tonne on November 26. Steel producers and a major scrapyard in Turkey have reduced their buy prices for the material by around TRY25-85 per tonne over the...


Cem Turken

December 03, 2018

14:18 GMT