Turkish scrap pricing under pressure, suppliers stay put

摘要

Turkish ferrous scrap import pricing remained flat amid a lack of new bookings Aug. 17. However, sentiment was more bearish as market sources predicted the next round of bookings is likely to be closing with some discounts compared with the previous deals, sources said Aug. 17. Scrap prices peaked last week at $285.50/mt CFR Turkey and subsequently dipped with buyers resisting to further upside. On Aug. 17, S&P Global Platts daily premium heavy melting scrap HMS 1/2 (80:20) assessment was stable at $284.75/mt CFR Turkey.