Recently, the prices of Turkish scrap 80:20 (1&2) have remained unchanged at US$476.27/ton CFR.

At the same time, it’s said that a Turkish steel mills purchased 26 thousand tons of scrap 80:20 (1&2) with prices of US$478/ton CFR and 5,000 tons of shredded scrap with prices of US$483.5/ton CFR.

Industry sources predicted that the demand for long steel products and rebar would rise after Turkey’s general election on June 12th. Accordingly, it would push up the scrap prices in Europe.