WEEKLY SCRAP WRAP: Global scrap prices up on Turkish price increase

Global scrap prices trended upward during the working week ended Friday November 8, boosted by higher Turkish imported scrap prices.

  • Turkish import prices up, bookings resume
  • US export prices improve on fresh deals off both coasts
  • Vietnam import prices jump on buyer interest
  • Taiwan import prices inch upward
  • Higher offers raise Indian import prices.

Turkey
Turkish imported scrap prices trended upward during the week ended November 8 when its steel producers returned to the deep-sea market after a week-long hiatus.
Turkish mills booked five cargoes from Baltic Sea and US suppliers. Four cargoes were traded at $258-260 per tonne cfr for HMS 1&2 (80:20) and one cargo containing HMS 1&2 (90:10) sold at $262 per tonne cfr.

The daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, ended the week...

Published

Mei Ling Toh

Paul Lim

Carrie Bone

November 08, 2019

17:30 GMT

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