In the meantime, scrap prices are not expected to rise, while the current financial and political uncertainties make any predictions for possible price declines difficult. In this uncertain context, Turkish steelmakers will likely remain cautious about concluding new scrap deals, though it is thought that stock purchases for October will start soon.
On the other hand, Turkish mills have been considering short sea scrap offers as well. The oversupply issue in the Black Sea region has been putting downward pressure on prices. Romanian A3 scrap offers to Turkey are now standing at $350/mt CFR, indicating a decline of $5-10/mt since last week.
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.