Turkish export ferrous scrap saw a small decrease on Tuesday as a quiet market pressured against steady offer levels.
Merchants this week have placed offers solidly at $195/mt, though no trades or counteroffers have been heard.
"There is no purchasing interest from Turkey," said an agent for a European supplier, adding that they were on partial holiday while waiting for the January shipment purchasing to begin.
Mills are well stocked for the time being, said a Turkish purchaser. "The price is likely to stay where it is for a few weeks," he said.
Trader expectations saw the market softening before any purchasing began.
A Turkish trader said that while offer levels were fixed at $195/mt, there had been no deals and the price was expected to be lower.
A US trader said he heard that mills were already asking about January shipments, looking in the range of $190-$195/mt, though little activity was expected for the remainder of the year.
Platts assessed HMS I/II 80:20 CFR Turkey at $194.50/mt on Tuesday, down $0.50/mt on the previous day.
