- Prices move up in Turkey but trading thin
- US market quiet on Thanksgiving holiday
- Indian market inches up on fresh deals
- Prices up in Vietnam on higher transaction prices
- Taiwan prices up on solid restocking demand.
Turkish steel mills booked just two cargoes this week, waiting until prices for rebar and billet reflected the higher scrap costs.
Nonetheless, the two European cargoes that were purchased
achieved higher prices this week.
The daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey
, ended the week at $266.08 per tonne on November 29, compared with $257.41 per tonne on November 25.
The daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey
, was $272.85 per tonne on Friday, up from $264.18 per tonne on Monday.
Prices for US export scrap were unchanged...