Turkish scrap prices dropped to the lowest level in seven years

Turkish scrap import market continues to decline, the mixture of 1,2-weight waste (80:20) import price last week down $ 3 / ton to $ 197 / ton (CFR), the lowest since June 2008 level.

Allegedly, mixing quality No. 2 heavy scrap a Turkish steel imports from the US (80:20) price of about $ 200 / ton (CFR), shredded $ 205 / ton (CFR), bonus grade scrap $ 210 / tonne (CFR).

Traders said the scrap market as a whole continued to show a downward trend, buyers purchase a slowdown, there will be no improvement in the short term.