TURKEY FERROUS SCRAP: Downturn in import values drags down local prices

Turkish domestic scrap prices have gone down over the past seven days on weakening imported scrap values, sources said on Monday September 16.

Fastmarkets’ weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,400-1,575 ($245-276) per tonne on Monday, down from last week’s TRY1,445-1,650 per tonne.

Steel mills and a major scrapyard have decreased their buy prices for auto bundle scrap by TRY45-140 ($8-25) per tonne in the past week...

Published

Cem Turken

September 16, 2019

15:45 GMT

Bursa