WEEKLY SCRAP WRAP: Global prices flat or down with Turkey absent from trading

Global ferrous scrap prices moved downward during the week ended Friday June 7, notably in India and Taiwan, but prices in Turkey, the United States and Vietnam remaining unchanged on a lack of trading.

Turkish market pauses for public holiday US export prices unchanged on lack of sales Vietnam prices flat on limited trading Taiwan prices dip on unconfirmed Turkish deal rumors Indian prices continue to move downward. Turkey Turkish imported scrap prices ended the week unchanged on June 7, after no deep-sea cargoes were booked during the week with the country on the week-long Eid al-Fitr public holiday to mark the end of the Islamic holy month of Ramadan. The daily index for Northern Europe-origin HMS 1&2 (80:20) scrap started and ended the week unchanged at $303.25 per tonne cfr. The daily index for US-origin HMS 1&2 (80:20) was also unchanged from Monday to Friday at $310.42 per tonne cfr. United States Prices for ferrous scrap on the United States’ East Coast have held steady after no cargo sales were made over the week ended June 5. There have been no sales from the East Coast since May 29,...

Published

Paul Lim

Carrie Bone

June 07, 2019

18:10 GMT

London, Pittsburgh, Singapore