Tag: Turkiye: Imported scrap prices stable w-o-w while bearish outlook prevails amid soft steel demand

Turkish imported ferrous scrap prices remained largely stable, although firm offers from suppliers were heard at around $394-395/t for US-origin scrap. On the other hand, market insiders indicate that downward pressure from local mills persists, pushing bids lower to $384-385/t amid declining imported iron ore prices into China. As per Turkish buyers, billet import from…