Turkey import scrap falls on virus, geopolitics

摘要

London—Prices for imported scrap in Turkey edged down Friday as market players adjusted their price expectations despite little trading activity taking place. S&P Global Platts assessed Turkish imports of premium heavy melting scrap 1/2 (80:20) at $275/mt CFR Friday, down $3/mt from Thursday. The coronavirus outbreak and fresh concerns about the latest geopolitical situation around Syria paralyzed any trading activity, leading market players to adjust their price expectations downwards. An attack by the Syrian government on Turkish troops had notably escalated the conflict, with fears of it developing into a major international military confrontation.