WEEKLY SCRAP WRAP: Global prices remain firm except in Vietnam

Global scrap prices have gone up slightly except in Vietnam during the working week from Monday March 18 to Friday March 22, with demand being seen in Turkey only later in the week.

Turkish steel producers returned to the market at the end of the week US ferrous scrap export prices up Vietnam ferrous scrap prices fall on weak demand Taiwanese prices rise on higher offers India on holiday Turkey imports Turkish scrap import prices have inched up during the week ended March 22, with a number of cargoes booked later in the week. The country’s mills booked three US cargoes at around $323-325 per tonne cfr for HMS 1&2 (80:20), plus one Baltic Sea cargo and one UK cargo. As a result, Fastmarkets’ daily scrap indices went up by $2.84 per tonne week on week. The daily index for Northern Europe-origin HMS 1&2 (80:20) was calculated at $321.21 per tonne cfr on March 22, while the daily index for US-origin HMS 1&2 (80:20) was $326.64 per tonne cfr on the same day. The lowest point of the week for the daily European index was $318.46 per...

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Cem Turken

Fiona Lam

Carrie Bone

March 22, 2019

19:55 GMT

Mugla, Pittsburgh, London, Singapore