- Turkey scrap demand limited
- US ferrous scrap market likely to continue downtrend
- Kanto Tetsugen tender concludes at ¥23,300 ($209) per tonne fas Tokyo Bay
- Taiwan to see electricity rationing from May
- General election process in India damps demand.
Turkish ferrous scrap prices fluctuated but moved downward throughout the week on limited demand from the country’s steel mills on most days. Those mills faced thin demand for their downstream steel products and were looking for low-priced materials.
Fastmarkets’ daily index for Northern Europe-origin HMS 1&2 (80:20)
ended the week down at $303.41 per tonne cfr on April 12, having been calculated at $307.00 per tonne cfr on April 8.
The daily index for US-origin HMS 1&2 (80:20) ended the week down at $307.48 per tonne cfr on April 12, having been at $311.07 per tonne cfr on April 8.