Tag: Turkiye: Imported ferrous scrap prices down $2/t w-o-w; steel mills under pressure amid low demand

Turkish imported scrap prices continued to edge down as buyers pulled workable price levels lower whereas European recyclers resisted due to slow scrap inflows and firm collection costs. A few suppliers targeted $382-384/t CFR Turkiye for HMS (80:20) keeping in mind dockside prices of Euro 315-317/t ($339-$341) and low availability. Recyclers caution that an oversupply…