Tag: Chinese New Year scrap demand

Turkiye: Imported bulk scrap prices fall to near-3-year lows on weak steel demand

Jan 16, 2025

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by

Adarsh Ramteke

in Melting Scrap

Weak finished steel sales pressure down prices Recovery likely post-Lunar New Year holidays Turkish deep-sea imported ferrous bulk scrap prices fell by $8/tonne (t) w-o-w to levels last seen in June 2022 for HMS. Mills continued to replenish their scrap inventories at lower prices, despite weak finished steel sales. Market sources indicated that Turkish mills…