Turkish steel mills continued their deep-sea scrap purchases for July shipment at slightly higher prices on Wednesday June 9, having only just resumed buying activity on Tuesday after a near-two-week break, market participants told Fastmarkets.

Turkish steel producers continued their deep-sea scrap purchases for June shipments on Wednesday April 28, with prices edging ever higher, market participants told Fastmarkets.

Ferro-vanadium prices have been under pressure since August 18, Fastmarkets has heard, with traders taking profit and cutting their offers to encourage sales, which has led some producers to step out of the market.

The latest news and price moves to start the Asian day on Thursday December 20.

Turkish deep-sea scrap import prices edged up further on Wednesday March 31 on news of a fresh US cargo, market participants told Fastmarkets.

Turkish steel scrap import prices have so far held firm despite a sharp drop in China’s steel and scrap markets this week.

China’s road to decarbonization caused quite a stir in the steelmaking raw materials segment in 2021, and market participants expect more uncertainties in 2022

Turkish deep-sea scrap import prices have fallen due to a United States cargo deal completed at a low price, sources told Fastmarkets on Thursday July 29.

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

Turkish steel producers remained quiet in the deep-sea scrap market and instead continued to focus on finished steel, sources told Fastmarkets on Tuesday June 1.