Turkiye: Imported ferrous scrap prices witness downtrend in recent European deal

A Finland region-based supplier sold bulk cargo on 16 April to an Aegean region-based mill, with 27,000 t mixed scrap comprising 17,000 t of HMS (80:20) at $382/t CFR and 10,000 t of shredded scrap at $399/t CFR Turkiye. As per market insiders, Turkish mills are possibly exploring European sellers offering competitive prices, considering the favourable exchange rate, which made it profitable levels for them.