Turkey: Imported scrap prices fall further in recent deal

  • The US-origin cargo containing 22,500 t HMS 1&2 (80:20) was booked at $485/t CFR Turkey by a West Marmara-based Turkish steel mill, SteelMint learned.
  • Prices have fallen by $5-10/t on a d-o-d basis as mills were holding back bookings on bearish market sentiments.
  • The Turkish lira continues to weaken against the US dollar ($) and is currently trading at 13.26.

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