WEEKLY SCRAP WRAP: Global prices continue to rise across all markets

Ferrous scrap prices on the global markets continued to move up during the working week ended Friday October 25, with a positive Turkish market adding to the stronger sentiment.

Turkish import prices continue to move up on fresh booking US export prices up again on new Turkey cargoes Taiwan import prices increase on continued tight supply Vietnam import prices higher following global trend Indian import scrap continues recovery ahead of Diwali holiday. Turkey Turkish mills were relatively subdued this week with only one new cargo booked, after an estimated 500,000 tonnes of material was booked earlier in October, with minimal further trades expected this month. The daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, ended the week at $244.16 per tonne on October 25, up from $238.11 per tonne on October 21. The daily index for steel scrap, HMS 1&2 (80:20), US origin, cfr Turkey, was $251.06 per tonne on Friday, up from $245.01 per tonne on Monday. United States Prices in the US were up by $14 per tonne in the latest US deals to Turkey reported...

Published

Cem Turken

Paul Lim

Carrie Bone

October 25, 2019

18:08 GMT

London, Pittsburgh, Mugla, Singapore