Tag: Turkish scrap prices decline amid weak steel demand; mills resist fresh bookings

Imported scrap prices weaken amid ample offers Mills remain cautious as finished steel demand stays subdued Turkish deep-sea imported scrap prices declined w-o-w, with HMS 80:20 assessed at around $405-406/t CFR. Market sentiment remained bearish during the week amid abundant scrap supply, weak rebar demand, and cautious mill buying. Buyer participation remained limited, while the…