Glencore Plc enters the deep-sea ferrous scrap trade, offering a Baltic-origin cargo for shipment to Turkey while securing a port deal at Lebal Gdansk. Turkey imports up to twenty million metric tons of scrap each year, making it the world's largest scrap buyer. Glencore's financial strength and logistics network are expected to transform the Baltic-Turkey route from a spot business into a structured, regular trade flow, accelerating the institutionalisation of the global scrap market.