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 at $253.40 per tonne on November 8, up from...

Published

Mei Ling Toh

Paul Lim

Carrie Bone

November 08, 2019

17:30 GMT

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