WEEKLY SCRAP WRAP: Global prices up on higher offers except in Turkey

Global scrap prices mostly trended upward during the working week from Monday March 11 to Friday March 15, with the exception of prices in Turkey, where lackluster sales of finished steel products limited buying activity during the week.

Lackluster finished steel sales in Turkey limit scrap buying US export prices up on bulk sale to Turkey Northern Vietnam mills still hungry for scrap Mixed sentiment in Taiwan market India prices up despite low confidence Turkey imports Ferrous scrap import prices in Turkey were stable during the week ended March 15, with seven cargoes booked from the UK, Europe and the Baltic Sea. A steel mill in the Izmir region booked a UK cargo on Monday, comprising 25,000 tonnes of HMS 1&2 (80:20) at $320 per tonne cfr on March 11. The following day, a steel producer in the Iskenderun region booked a UK cargo comprising 22,000 tonnes of HMS 1&2 (80:20) at $320 per tonne cfr. On Thursday, a steel mill in the Marmara region booked a European cargo, comprising 25,000 tonnes of HMS 1&2 (75:25) at $317 per tonne and 5,000 tonnes of bonus at $331 per tonne cfr on March...

Published

Mei Ling Toh

March 15, 2019

18:32 GMT

New York