The Turkish steel producers have continued to hold back from new bookings in the deep-sea markets for scrap material, while prices were largely stable, sources said on Monday November 12.
After booking two cargoes from the United States late last week, Turkish mills paused their purchases and went into wait-and-see mode. The latest transaction from the US included an 80:20 mix of No1 and No2 heavy melting scrap priced at $338 per tonne...