Turkish ferrous scrap dips as trade confirms sentiment

摘要

The modest rally this week in theprice of ferrous scrap imported by Turkish millscame to an end Thursday, as a Baltic cargo hitthe market and confirmed bearish sentimentwas prevalent despite a higher transaction atthe start of the week.A Baltic trade was reported on Tuesdayinvolving an international trader at $193/mtfor heavy melting scrap I/II 80:20, thoughmany buy-side participants questioned thelegitimacy of the announced level.