Tag: Turkiye: Bulk scrap movement saw a 15% y-o-y growth in Q1CY’25; cautious outlook for Q2

Red Sea crisis diverts cargo from Asia to Turkiye Scrap prices fall to two-yr lows, look attractive Turkiye’s deep-sea bulk scrap volume in Q1CY’25 witnessed a rise of 15% y-o-y to 4.53 million tonnes (mnt) compared to 3.93 mnt in Q1CY’24. However, March 2025 saw a decline in bulk vessel movements to 1.4 mnt, down…