Tag: Turkish ferrous scrap prices plunge to 10-month low

The Turkish ferrous scrap market experienced a difficult week, with prices steadily declining to nearly 10-month lows. Early in the week, scrap prices held steady as recyclers resisted lowering their offers despite weak demand from mills. Offers for US-origin HMS (80:20) initially hovered around $374/tonne (t) CFR, but the absence of fresh demand indicated potential…