European scrap suppliers have started to offer more attractive prices compared to other regions, as the US dollar has gained strength against the euro. On the other hand, Turkish producers are expected to accelerate their scrap purchases for October shipments. Market sources believe that in the coming days ex-Europe scrap deals may be concluded below the current price levels. Additionally, it is heard that some scrap suppliers still have cargos for September shipments and their negotiations with Turkish producers are continuing for these shipments. Turkish producers, with their current advantage in the market, are expected to negotiate on prices and to wait until they gain the discounts they want before accelerating their purchases.
Meanwhile, scrap suppliers are reportedly worried due to Turkish producers' puchases of Chinese billet at attractive prices. It is thought that Turkish producers are supported by the downtrend of iron ore prices in their negotiations.