Turkish imported ferrous scrap prices dipped sharply mid-week amid negative sentiments in the overseas supplier market.

Turkish imported ferrous scrap prices dipped sharply mid-week amid negative sentiments in the overseas supplier market. The absence of Benelux (Belgium-the Netherlands-Luxembourg) suppliers in the negotiations also caused a drastic drop in prices from this region into Turkiye. For instance, Baltic and Benelux collection costs dropped to Euro 340-342/t ($368-370/t) and Euro 330-332/t ($357-359/t), respectively, down by Euro 10-12/t($11-13/t) from last week.