Turkish steel mills expected to buy scrap from overseas markets

Reports are suggesting that Turkish steel mills are looking to buy scrap from the export market.

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Recently, both Yolbulan Metal and ICDAS have indicated their intention to purchase from abroad.

With the Muslim religious period of Ramadan beginning on 1 August, for a month, it is believed that Turkish buyers want to ensure they have enough stock so will be purchasing in June and July. The construction industry in Turkey continues to grow, which is driving demand for steel.