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22 May

Turkish scrap falls below $380 on US deal

Turkish mills have kept their domestic scrap buying prices unchanged since last week, while imported scrap values have decreased slightly on the latest US-origin booking, Kallanish notes. A US supplier, which was targeting $385/tonne last week, is confirmed to have sold HMS 1&2 80:20 at $379.5/t and shredded and bonus grade at $399.5/t cfr Turkey on Tuesday. This points to a slight decline in prices compared to last week's US-origin deals at $380/t and $38…
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