Tag: Turkiye steel holiday impact

Ample scrap supply weighs on prices amid weak demand Trade activity likely to pick up post-holidays Imported deep-sea ferrous scrap prices in Turkiye declined by $7/t w-o-w to $340/t CFR, as trading slowed amid weak finished steel demand and the approaching Eid al-Adha holiday. Mills have paused bookings, preferring to conserve cash in a high-interest-rate…