Stronger market conditions were seen in the Turkish import ferrous scrap market on Wednesday, as sellers upped offerings based on expected increases within US and European domestic markets.
Two US sellers offered 80:20 at $240/mt, a $5/mt rise over Tuesday, according to sellers and traders in the market. A lone European offering was heard at $228/mt for 75:25, according to a European trader.
"There are potential buyers, but most of the sellers -- especially USA -- prefer to wait for next week," said an agent for a Baltic merchant.
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