DAILY SCRAP REPORT: Coronavirus leads to virtual shutdown of Turkish scrap market

The global spread of the novel coronavirus (2019-nCoV) is seriously limiting deep-sea scrap trading in Turkey, with market players also struggling with mill closures, sources said on Wednesday March 25.

A number of steel mills in Turkey have stopped or reduced production because of the pandemic.
“I heard a steel mill in the Iskenderun region halted production and two steel mills in the Izmir region stopped buying scrap. Prices are falling sharply everywhere,” a Turkish mill source told Fastmarkets.

“This coronavirus outbreak hit all of the markets very bad,” another mill source...


Cem Turken

March 25, 2020

16:21 GMT