“Turkish customers practically give no bids,” one trading source said, adding that softening scrap prices led to the negative sentiment in Turkish market.
Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey
was calculated at $423.27 per tonne on Friday April 16, down by $0.02 day on day.
“The domestic market is not good in Turkey because of Ramadan [April 13-May 12],” a local re-rolling source told Fastmarkets.
“Import activities are limited,”...