Turkish steel scrap slides further; sentiment bearish

摘要

A lack of trading activity inthe market did not prevent import pricesfor Turkish ferrous scrap from fallingfurther Friday to the lowest price so farthis year.S&P Global Platts assessed Turkishimports of premium heavy melting scrap1/2 (80:20) at $295/mt CFR Friday, down$3/mt from Thursday.Defying market participants’expectations the market closed Friday withno deal reported throughout the week,narrowing the time left to procure cargoesbefore January amid limited activity in thesecond half of December.