Turkish deepsea import scrap prices soften as mills hold back

摘要

London—Turkish deepsea import ferrous scrap prices softened April 13, as mills held back amid multiple offers in the market, sources said. S&P Global Platts assessed Turkish imports of premium heavy melting scrap 1/2 (80:20) April 13 at $430/mt CFR, down $1. “[Plentiful scrap] availability is the critical and negative part in the market, as all the steel mills have positive margins. Only domestic finished steel demand is weak, but even with that they can afford $430/mt CFR,” a Turkish trader said. “Mills feel they can find material easily, so [they] aren’t in a hurry to buy.”