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
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...