Sentiment in Turkish deep-sea steel scrap import markets remain negative

The deep-sea scrap import markets were quiet on Monday December 6, with Turkish steelmakers expecting further price drops amid weak finished steel sales, market sources said.

Turkish steel mills have only booked two deep-sea cargoes in the past week.
The most recent cargo deals were transacted at $485 per tonne cfr for United States-origin heavy melting scrap 1&2 (80:20) and at $480 per tonne for Baltic Sea-origin material.

The steelmakers have shown little interest in deep-sea scrap due...

Published

Cem Turken

December 06, 2021

16:21 GMT

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