A3 scrap ex-Black Sea in Turkey

The prices of A3 grade scrap ex-Black Sea are showing signs of a downturn. With the impact of the price decrease in the local Russian scrap market last Friday and the significant amounts of deep sea scrap purchases by Turkish mills, the beginnings of a slowdown have been observed in the export prices offered to Turkey. A Turkish mill has concluded A3 grade scrap ex-Russia at $274/mt CFR level.