Turkish mills hesitant to book more scrap due to low steel demand

Turkish steelmakers have extended their stay away from the deep-sea scrap market since last week, when prices collapsed dramatically, market sources told Fastmarkets on Monday May 16.

The sharp downturn in the prices came following three deep-sea cargo bookings concluded on May 10.

A steel mill in the Izmir region booked a Baltic Sea cargo comprising 15,000...

Published

Cem Turken

May 16, 2022

15:36 GMT

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