Turkish steel producers remained silent in the deep-sea scrap import markets after securing two cargo deals this week, attributed to poor finished steel demand.
The two cargo deals occurred on Tuesday, 14 May, with a steel mill clinching a bulk deal at $377/t. Additionally, from the Marmara region, a European cargo comprising an undisclosed volume of HMS (75:25) was booked at $375/t, with bonus scrap at $400/t CFR. Due to this lack of fresh trading activity, the daily scrap indices remained unchanged throughout the week.