Turkiye: Ferrous scrap price remains down in recent deal

  • Turkiye’s ferrous scrap prices remained down in recently concluded deals.
  • A Europe-origin bulk cargo was booked by a Mediterranean region-based mill comprising HMS (80:20) at $450/t followed by shredded and bonus at $470/t CFR Turkiye, SteelMint learnt.
  • If mills are successful in lowering prices further, it will come as a surprise as a lot of cargoes were done for the first half of April shipment.

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