TURKEY FERROUS SCRAP: Local prices down on decline in import values

Turkish domestic scrap prices have continued to fall in the past week, in line with the sharp downturn in imported scrap values due to the Covid-19 virus outbreak, sources said on Monday March 30.

Imported scrap prices in the Turkish market plunged once again last week amid production cuts, closures and weak steel trade resulting from the global spread of the coronavirus.

In response to the drop in imported scrap values, mills and a major scrap yard cut their buy prices further for both auto...


Cem Turken

March 30, 2020

14:25 GMT