Turkish import prices drop by more than $10 per tonne week on week on political uncertainty
Lack of fresh trading keeps US exports flat
Good availability of material keeps Vietnam prices down
Taiwanese prices fall on lower demand
Indian prices static in subdued market.
Turkish mills refrained from purchasing deep-sea scrap cargoes for most of the week, buying just one European cargo, which came to light on Thursday evening. Two other cargoes also became known earlier in the week, sending the indices downward.
Fastmarkets’ daily index for Northern Europe-origin HMS 1&2 (80:20) ended the week down at $306.68 per tonne cfr on April 5, having been calculated at $316.51 per tonne cfr on April 1.
The daily index for US-origin HMS 1&2 (80:20) ended the week down at $310.75 per tonne cfr on April 5, having been at $322.35 per tonne cfr on April 1.
In the first of two trades newly...