Despite the fact that the Turkish market of finished steel products remains dull, manufacturers keep on carrying out active negotiation seeking price cutbacks in order to replenish the stocks with imported steel scrap.
Negotiations for the procurement of imported steel scrap have picked up somewhat in Turkey closer to weekends after exporters increasingly started providing discounts.
Most of Turkish mills are slow to start negotiations for the procurement of imported steel scrap amid the ongoing lull and uninspiring prospects on the market of finished steel products.
Not a single fresh deal for the supply of large-tonnage lots of imported steel scrap has been signed by Turkish metallurgical enterprises this week due to Eid al-Adha in the country.
Turkish steel mills avoid purchasing large-tonnage lots of imported steel scrap amid weakening lira and slow sales of steel products.
Demand for imported steel scrap is weak in Turkey amid scant sales of finished and semi-finished steel products. Deals are concluded only in case of significant price cuts.
Turkish steel works are looking for imported steel scrap now.
Demand for imported steel scrap is weak in Turkey.
ISM sources report ballooning purchases of imported steel scrap by Turkish buyers this week.