The latest heavy import scrap price in Turkey has dropped 2 dollars daily and 382 USD per ton CFR has been recorded. The market outlook is not so favorable and the latest deals were finalized with a drop in price, so the average of the market also faced a price decline. Since now, suppliers have resisted the price decline to less than $380 because their costs are high. ‎
Market participants believe that due to the current market downturn, we cannot hope for significant price growth, but on the other hand, the price decline will be limited in the near future.