Turkish import prices down on tepid demand
US export prices flat on lack of trading
Asian import prices decline, buyers wait for lower prices
Indian prices hit new year-to-date low.
Turkish mills finally broke the silence in the deep-sea market and booked two European cargoes at $274-275 per tonne cfr for HMS 1&2 (80:20) on August 22 and 23.
Prices for the two cargoes were down from the previous European cargo traded to Turkey, at a composite price of $279 per tonne cfr on August 12. This cargo contained HMS 1&2 (75:25), shredded scrap and plate and structural (P&S) scrap.
The daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, ended the week at $274.14 per tonne on August 23, down...