TURKEY FERROUS SCRAP: Prices fall sharply as some mills stop buying

Turkish domestic auto bundle scrap prices have fallen sharply over the past week, in line with declining scrap import values, with some mills stopping their scrap purchases, sources said on Monday March 23.

Turkish scrap import prices fell by 9% last week, amid the novel coronavirus (2019-nCoV) pandemic.
Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $249.07 per tonne on Friday March 20, down from $272.97 per tonne on March 13.

In response to the downturn in imported...

Published

Serife Durmus

March 23, 2020

14:30 GMT

Bursa