- Turkish import prices up week-on-week, bookings resume
- US export prices flat on East Coast, up on West Coast
- Asian import prices up on steady demand but upside limited
- Indian prices down on poor finished steel demand.
After more than a week of silence, Turkish steelmakers finally accepted higher offer prices for steel scrap on July 17, despite their struggles with poor prices for finished and semi-finished steel.
Turkish mills resumed bookings of August shipment cargoes of scrap
, concluding three bulk deals on July 17 and 18. Two Baltic Sea-origin cargoes transacted at $294-295 per tonne cfr for HMS 1&2 (80:20), while a UK cargo was booked at $290 per tonne cfr.
The daily index...