The Benelux scrap market has experienced a decline following recent bookings by Turkish mills. Exporters in the region have adjusted their dock prices downward in response to the subdued demand from Turkey.

This trend has been influenced by the overall weak buying interest in major export destinations, leading to a cautious approach among exporters.

Despite higher domestic prices in Europe, the lack of significant purchasing activity from Turkey has put pressure on scrap prices. As a result, exporters are hesitant to increase their prices unless necessary to fill a vessel.

This situation is expected to persist, with market participants closely monitoring Turkey’s buying behavior for any signs of recovery.