Turkish import scrap market remains quiet

This week Turkish mills are not active in booking scrap.
 
There are some offers in the market for ex-Black Sea A3 scrap at $445-448/mt CFR Turkey, but finding this price level to be on the high side Turkish mills are not interested in booking material at this price range. However, lower price levels pose problems for ex-Romania scrap dealers, whose scrap collection prices are at about $415-420/mt, and these dealers may incur losses when they sell scrap at reduced price levels. Consequently, the lack of common ground in the price ideas of scrap suppliers and steel mills has resulted in a  dramatic slowdown in scrap trading activity.