Tag: Turkish imported ferrous scrap prices reach 2024 low amid surge in Asian billet imports

Turkish imported ferrous scrap index sharply dropped by $10/t w-o-w. Turkish steel producers have largely remained inactive in the deep-sea scrap import market due to weak finished steel sales and the availability of low-cost billets from Asia, particularly China. Although Turkish steelmakers re-entered the deep-sea scrap market last week for September and early October shipments,…