‘Black Monday’ tremors shake Turkish scrap

摘要

Sentiment clouded dramaticallyin the Turkish imported scrap market Monday,as participants focused on the Chinese equitiesrout and its immediate impact on theferrous supply chain. Platts assessment ofTurkish premium heavy melting scrap I/II(80:20) imports was unmoved at $238/mtCFR.“It’s an earthquake,” a Turkish tradersaid. “They’re calling it ‘Black Monday’ inTurkey. There’s no prices today, producersare hiding under the tables.”