Tag: Turkiye: Weak steel demand drags imported scrap prices lower

Scrap-to-rebar spread hovers under $190/t  Mills target lower scrap levels as sentiment deteriorates Turkish deep-sea imported scrap market sentiment weakened further during the week ended 18 June, as sluggish finished steel demand, declining rebar prices, and limited booking activity continued to pressure both buyers and suppliers. Mills largely remained on the sidelines, focusing on finished…