Turkish scrap import market bearish as week closes

摘要

Turkish scrap import prices tickeddown Friday as cargo details for a bookingmade this week became apparent, reinforcingmore bearish sentiment.A European seller booked a cargo at a$225/mt CFR average price, which normalizedto $224/mt CFR against Platts methodology.The seller had not been spotted in the deepseamarket for six months, which when combinedwith the European origin makes it likely thecargo was sold just below market. OtherEuropean sellers cautioned against takingvalue from the yard as indicative for the widermarket.