There are signs showing that Turkish buyers have returned the scrap market.
The Turkish mills recently bought 3 ships’ scrap from Europe, at US$220-235/ton on CFR basis. US also offers US$250~260/ton for HMS scrap (NO1&NO2), but buyers are still showing resistance. It’s forecasted that the price will slide by US$30/ton.
On the other hand, in East Asian market, China has stopped importing scrap and most Korean mills also delay the purchase plan. Source: Yieh.com