DAILY SCRAP REPORT: Mills remain silent in uncertain market

Turkish steel producers remained silent in the scrap market for a third day on Thursday April 4, making no purchases of deep-sea cargoes while continuing to look for political clarity, sources told Fastmarkets.

Mills continued to await official confirmation of the results of Turkey’s countrywide mayoral elections, which were held on March 31. The main opposition Republican People’s Party (CHP) has claimed victories in the coastal Aegean and Mediterranean provinces, as well as in major cities including Istanbul and the capital, Ankara. The state-run Anatolian news agency confirmed CHP’s victory in those cities, but some results were being challenged by the party of national government, AKP,...


Carrie Bone

April 04, 2019

16:25 GMT