Turkish plants are showing steady interest in purchasing high quality imported steel scrap. The decline in energy prices and a resumed business activity on the market of finished steel products even allowed traders to raise prices.
Quotes for imported steel scrap have increased in Turkey despite rater modest trade. The outlook for the short-term imports remains unclear for the time being, but there is an overall positive sentiment on the market, as local steelmakers are preparing to replenish stocks.
Turkish metallurgical enterprises refrain from purchasing imported steel scrap. So, prices have stalled after the last week’s increase.
Turkish steel works continue purchasing imported steel scrap, since some of them have not accumulated enough scrap for their productions needs in December yet.