Turkish steel producers have postponed their import
scrap purchases amid negative developments at the start of 2017 including the terrorist attack in Istanbul on January 1, the ongoing power outages in industrial regions in the country, the sharp depreciation of the Turkish lira against the US dollar, the failure of the expected revival of finished steel demand, and also as some
scrap suppliers are still on holiday. Although no new import
scrap offers have been heard in
Turkey, US-based
scrap suppliers' new HMS I/II 80:20
scrap offers to
Turkey are expected to be higher than $300/mt CFR.