Sales of ferrous scrap to Turkish steelmakers have slipped in price after the latest clutch of cargoes seen on the market, as Baltic-origin and European material showed some weaker signs, market participants said Monday.

A cargo containing 25,000 mt of A3 demolition material ex-St Petersburg was booked at $377/mt CFR Iskenderun by a large electric arc furnace producer, market participants said. This cargo went through late August 16.

Other cargoes included a sale from a global recycler to another Iskenderun-based mill at $375/mt CFR for 18,000 mt of HMS I/II (80/20 blend) and 18,000 mt of bonus at $392/mt CFR.

Meanwhile, a UK recycler managed to finalize a deal with a third South Turkey-based EAF at $375.50/mt CFR Iskenderun for 13,000 mt of HMS I/II (80/20 blend) and 12,000 mt of shred.

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Beyond these sales, a Belgian recycler managed to sell 25,000 mt of HMS I/II (75/25 blend), 10,000 mt of HMS I and 5,000 mt of shred at an average price of $373/mt CFR Marmara.

Platts' daily assessment moved down $3/mt to reflect the above market activity, finishing Monday at $377/mt CFR Turkish ports for premium heavy melting scrap I/II (80/20 blend).

Market sentiment has been a little more bearish as the US home market showed weakness towards the tail-end of last week and the Chinese iron ore import market has also dipped after a rally earlier last week.