TURKEY FERROUS SCRAP: Domestic prices down on weak demand, firm supply

Turkish domestic scrap prices have gone down amid stronger supply and softer demand over the past week, sources said on Monday May 20.

Three steel mills reduced their buy prices for local shipbreaking scrap to $292 per tonne, while a fourth cut its price to $290 per tonne delivered.
As a result, Fastmarkets’ weekly price assessment for Turkish domestic melting scrap from shipbreaking fell to $290-292 per tonne delivered on Monday, from the $295-300 per tonne of last week.

In the meantime, three steel mills in the Izmir region have decreased...


Cem Turken

May 20, 2019

18:12 GMT