Tag: scrap trader insights
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Turkiye: Imported bulk scrap prices hit nearly 3-year low after sharp $33/t w-o-w drop
Limited demand drives further scrap price declines High freight costs hinder Asian market absorption This week saw significant change in the Turkish imported scrap market. US origin bulk scrap prices to Turkiye hit a nearly three-year low, dropping sharply by $33/t w-o-w, reaching levels last seen in June 2022. US export demand slowed as cheaper…