Turkish steel mills hold back from deep-sea scrap bookings amid limited steel demand

The Turkish steel scrap import markets remained silent on Wednesday March 22 with the steelmakers in the country avoiding raw material purchases amid weak finished steel demand, sources told Fastmarkets.

In the weeks since earthquakes hit the country on February 6, Turkish steelmakers have been stocking-up on deep-sea scrap in preparation for making the 5 million tonnes of steel that...