Tag: Turkish buyers adopt wait and watch approach

Turkiye: Imported ferrous scrap prices witness slight drop by $1/t w-o-w; buyers adopt wait and watch approach

Apr 4, 2024

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by

Anshuman

in Melting Scrap

Turkish imported ferrous scrap prices experienced a slight decline of $1/t w-o-w, driven by efforts from mills to push prices down. Turkish buyers booked around 25-27 deep sea bulk vessels for late March for late April and early-mid May shipments from Europe, the US, and the Baltic regions. This could put upward pressure on prices…