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 for steel scrap, HMS 1&2 (80:20...